On the development path of the Terra public chain in South Korea, re-establishing the peg between USTC and the US dollar is undoubtedly the most urgent task at hand. For investors holding Lunc and Luna, the importance of this step is self-evident. If USTC cannot re-peg to the US dollar, the actual value of Lunc will be difficult to guarantee.

In fact, USTC plays a central role in the entire ecosystem. Only when USTC successfully re-establishes its peg to the US dollar can Lunc secure a place in the market. Therefore, the major challenge the project faces is how to reposition USTC.

One possible direction is to abandon the original algorithmic stablecoin model and instead adopt the path of traditional stablecoins. This may involve utilizing the foundation's existing approximately 80,000 Bitcoins, as well as assets such as Lunc and Luna as collateral, in an effort to transform USTC into a traditional stablecoin similar to USDT and USDC.

This transition requires time and patience. Through long-term efforts and market recognition, USTC is expected to gradually establish a position comparable to USDT and USDC, becoming an important player in the stablecoin market. This not only concerns USTC's own development but will also directly affect the future direction of the entire Terra ecosystem.