As per the latest announcement by Tezro, USTC token holders will be given the chance to exchange USTC for TezroST, which is the Tezro shopping token backed by Tether. The rate shall be $1 per USTC token and the new feature will also only be available via the official app.
All the users need to do to use this new feature is download the app and look for the TezroST icon. If they possess any USTC tokens, they can easily exchange them for TezroST, a shopping token that can be utilized to pay for all sorts of goods and services in online stores through the Tezro Swift API.
Tezro supporters are being encouraged to try it out as soon as possible as this is one feature that they certainly would not want to miss out on, especially given the fact that almost nobody wants to hold on to USTC tokens anymore.
TerraClassicUSD (USTC), formerly TerraUSD, is an open-source blockchain that hosts a wide range of dApps (dApps) as well as developer tools inside its ecosystem. Originally formed as an algorithmic stablecoin, it is a cryptocurrency which uses algorithms to maintain a 1:1 peg with the inventory currency it backs.
TerraUSD was launched in September 2020 as part of a partnership with Bittrex Global. It was co-founded by Do Kwon, the creator of Terraform Labs which is the software development company responsible for introducing the TerraLuna and TerraUSD tokens. However, after the recent Terra disaster, many have lost faith in the project and most have already sold off their coins. Additionally, as TerraClassicUSD is not a stablecoin anymore, Tezro’s new initiative could indeed be a viable method of getting rid of the USTC tokens and exchanging them for TezroST, which most would agree is a more sensible choice at this point.
Tezro is a comprehensive platform and application that also serves as a cryptocurrency wallet. The app provides safe chat software with plenty of innovative features and services. In addition, Tezro AI enables consumers to invest effectively in a variety of currencies on Uniswap2 and Uniswap3.
Furthermore, Tezro allows its customers to send and receive messages as well as make crypto and fiat transactions from any location. It is also the very first program that combines virtual financial transactions with digital communications in real time. Lastly, Tezro is backed by third generation blockchain technology which enables the platform to offer a variety of services and features to users. The app is also compatible with all PC, iOS and Android devices.
Visit Tezro’s official website and the Twitter, Facebook and YouTube channels for more information and regular updates.
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