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Benzinga

Business

Murtuza Merchant

Terra Crisis: Community Votes on Burning 1.3 billion UST Tokens

Ust United States LUNA

The Terra (CRYPTO: LUNA) community has unanimously decided to burn 1.38 billion UST stablecoins from its pool, reducing the supply by roughly 11% of its total supply of 11.28bn tokens.

Over 99% of the voters supported the proposal, while 0.60% abstained from voting. 9,896 of the voters voted against the proposal.

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