Terra Classic is the community-maintained continuation of the original Terra blockchain after the 2022 Terra ecosystem collapse and Terra 2.0 fork. The original Terra protocol used algorithmic stablecoins, including UST, which was later renamed USTC on Terra Classic.
| Product | Backing | Status | Market cap |
|---|---|---|---|
| USTCTerraClassicUSD | Algorithmic | Active | $31M |
| Stage | DAO |
| Key events | Date 2022-05 · Event UST (later USTC) depegged and the Terra ecosystem collapsedDate 2023-02 · Event SEC charged Terraform Labs and Do Kwon with fraud involving TerraUSDDate 2024-09 · Event Terraform Labs approved for bankruptcy wind-down after its SEC settlement |
| Website | https://terra-classic.io/ |
## Overview Terra Classic is the community-maintained continuation of the original Terra blockchain after the 2022 Terra ecosystem collapse and Terra 2.0 fork. The original Terra protocol used algorithmic stablecoins, including UST, which was later renamed USTC on Terra Classic. ## Products Stablecoins issued by this entity: USTC.