Tezro App Users Being Given Opportunity To Exchange USTC For TezroST

cryptonews.com:

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By now, everyone is well aware of what happened with the recent TerraLuna and TerraUSD debacle, which led to a sharp decline in Bitcoin’s price and pushed the market even further into the red. For those who don’t know though, TerraUSD had been almost exactly pegged to the dollar since its inception, but it crashed on May 9th, 2022. Its sister coin, LUNA, was worth over USD 80 per token at the beginning of May this year, but it was only worth a fraction of a cent as of May 18th.

Now, Tezro has come up with a new strategy through which USTC holders may exchange their tokens for TezroST, a token used primarily to buy various services and goods that is also backed by Tether. The exchange rate shall be USD 1 for every USTC token.

The aforementioned situation of the two Terra coins crashing led to a financial crisis within the crypto industry, with their demise having a domino effect on numerous other digital tokens and projects, wiping out billions of dollars from the market and resulting in insurmountable losses. Still, that was then and it is now time for the crypto market and community to move on and that is exactly the sort of mindset that Tezro aspires to as well. 

Through the app, which users must download in order to use the new feature, USTC holders need only search for the TezroST icon. Upon clicking it, users will then find it a simple matter to exchange the USTC tokens for TezroST, which can be subsequently used to pay for and enjoy a wide variety of products and services that can be found in online stores via the Tezro Swift API.

Lastly, due to the volatile nature of the USTC tokens and the fact that TerraClassicUSD has