forexprotocol

🧠 What is Forex Protocol in Terra Classic — and the role of USTC

Forex Protocol is a basket of stablecoins from different countries, operating within the blockchain.

👉 Euro, yen, yuan, pound, rupee, and other currencies
👉 each represented by its own Classic-stablecoin
👉 everything is exchanged directly, without banks and SWIFT

Essentially — a digital currency market within Terra Classic.

💱 And where does USTC fit in?

USTC is not just a former stablecoin.
In this system, it plays the role of the center of the basket:
• through USTC, other currencies are balanced
• through it, clearing and settlements occur
• it connects the entire basket into one system

🔥 Why this gives value to USTC

If USTC is used:
• not as a $1-stable
• but as a unit of account for the entire basket of currencies

then its value:
• no longer has to be $1
• depends on the volume of settlements, not on the peg

📌 This is how reserve assets work, not regular stablecoins.
Not "if", but "when" everything works, it will be 💥 for both the price of USTC and the market.
$USTC $LUNC $LUNA
#TerraClassic #ForexProtocol #VilsX #TerraOracle #DeFi