Tezro app users will be able to exchange USTC for TezroST.
Everyone is aware of the recent TerraLuna and TerraUSD debacle, which resulted in a sharp drop in Bitcoin's price and pushed the market even further into the red. However, for those who are unaware, TerraUSD had been nearly exactly pegged to the dollar since its inception, but it crashed on May 9th, 2022. Its sister coin, LUNA, was worth more than USD 80 per token in early May, but it was only worth a fraction of a cent as of May 18th.
Tezro has now devised a new strategy in which USTC holders can exchange their tokens for TezroST, a Tether-backed token used primarily to purchase various services and goods. The exchange rate for each USTC token will be USD 1.
Time to continue
The two Terra coins described above crashed, causing a financial catastrophe in the cryptocurrency sector. Their downfall had a cascading impact on many other digital tokens and projects, wiping out billions of dollars from the market and leaving investors with unrecoverable losses. However, that was then, and it is now time for the cryptocurrency market and community to move on. Tezro shares this mentality.
USTC holders just need to look for the TezroST icon through the app, which users must download to access the new feature. After clicking it, users will discover that it is easy to convert their USTC tokens into TezroST, which can then be used to pay for and take advantage of a wide range of goods and services that are available in online retailers via the Tezro Swift API.
Last but not least, Tezro fans are being urged to use the new exchange option as soon as possible in order to prevent any further unwarranted losses owing to the volatile nature of the USTC tokens and the fact that TerraClassicUSD has officially lost its stablecoin designation. Nevertheless, it is not a horrible deal since users receive TezroST instead of Terra tokens, which have no intrinsic worth.
Understanding Tezro
Tezro is a multifaceted platform and application that also serves as a cryptocurrency wallet. The app provides secure chat software with a wide range of features and services. Additionally, Tezro AI enables users to invest quickly and effectively in a variety of other currencies available on Uniswap2 and Uniswap3.
Regardless of their geographical location, Tezro users can send and receive messages, make crypto and fiat transactions, and send and receive messages. In addition, Tezro is the only project of its kind that combines digital communications in real-time with virtual financial transactions. It is also supported by all Android, iOS, and PC platforms and is powered by third-generation blockchain technology.