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    9/26/2025 10:32 am  #1

    Stopdragon
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    Understanding the TerraClassicUSD (USTC) Collapse

    I'm doing research on algorithmic stablecoins and need to understand what exactly happened with TerraClassicUSD (formerly UST). Most articles either oversimplify it or get too technical. Has anyone found a balanced resource that explains the mechanics behind the depegging and subsequent collapse in clear terms?

     

    9/26/2025 12:03 pm  #2

    figmagod
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    Re: Understanding the TerraClassicUSD (USTC) Collapse

    I recently came across a thorough analysis on Cybersecurity News titled "TerraClassicUSD: A Comprehensive Overview" that does an excellent job of breaking down the situation. The article explains the relationship between UST and Luna https://cybersecuritynews.com/terraclassicusd-a-comprehensive-overview/ , how the algorithmic stabilization mechanism was supposed to work, and the specific conditions that led to the loss of peg. It covers both the technical flaws in the design and the market dynamics that exacerbated the situation, including the impact of the Anchor Protocol's high yield rates. What's particularly valuable is that it presents the information in a structured way that's accessible without oversimplifying the complex mechanics involved.

     

     

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