USTC's Challenging Position in the Stablecoin Ecosystem
USTC (TerraClassicUSD) occupies a challenging position in the stablecoin ecosystem today, significantly overshadowed by market leaders such as USDT, USDC, and DAI. Unlike these stablecoins, which maintain strong market shares and stable pegs to the US dollar, USTC's market share has shrunk to a minuscule 0.000027%, and its daily trading volume is limited to approximately $6.2 million. Furthermore, USTC struggles with severe price volatility, trading at around $0.0100—far below the intended $1.00