$LUNC $USTC today closes the voting on the proposal for uSTD as a new stablecoin (there may be more than one currency in the chain) being rejected.......

the explanation we gave on 13/09/25 about this is below.

I have to admit that as the days went by I went from an optimistic attitude to neutral to later being opposed to this; my reasons are as follows:

1: being on layer 1 (L1) of the ecosystem according to strachcole, a sage in the community, would be bad as it is the heart of everything and is 100% decentralized, and to adopt that currency it would have to be done on layer 2 (L2) since if you want to move forward with #JurisProtocol and #SeleniumProtocol it needs to have a certain degree of centralization for the trust of the RWA and be attractive to them for having some control over the income.

2: they asked for more than 200,000 dollars and I understand that the chain does not have that much money to use so lightly, also there were no guarantees that it would work; additionally, the 20% APR seemed like a fantasy to be honest.

3: the developers did not take responsibility if there were failures in the program.... there was talk of insurance for X amount of dollars and the developers showed their faces but that insurance was never proven.

in conclusion: the idea is really good, that is for sure, but it needs to be implemented on another layer (L) specifically designed for the RWA as layer 2 (L2) is doing...... I feel that the idea came too soon..... maybe in the future it will be functional with a more developed project and better control parameters.

#LuncArmy what do you think, I read you.