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Terra USD Stablecoin rises 400% on news of Do Kwon’s extradition

Stablecoin Terra USD (now USTC) has surged 400% in just three days following news that Montenegrin authorities have approved the extradition of Terra founder Do Kwon.

According to the CoinMarketCap service, USTC is now trading around $0.06741. Stablecoin’s market capitalization soared 300% to nearly $600 million