Stop Minting and Reminting of USTC

This proposal would stop all minting and reminting of USTC without the approval of the Terra Classic community. This proposal also stops loopholes such as converting xUST to mint USTC. We pay the Algo Quant team to re-peg USTC to USD, and the Terra Classic community is participating in the burning of the USTC supply, which also facilitates the re-peg. This proposal protects the community and outside investors who are burning USTC helping to achieve the repeg. Any form of minting or reminting goes completely against any community effort. Most importantly, this proposal opens the door for institutions like Binance to start burning USTC knowing that the minting and reminting is over. By voting ‘YES’ will stop ALL minting & reminting of USTC and support community efforts to repeg USTC to the USD. By voting ‘NO’ will allow minting & reminting of USTC to continue without Terra Classic community approval.