Imminent? I'd like to remind you that currently, there's NOTHING backing USTC. Unless you have someone who holds at least 1 dollar for each USTC issued, it's gonna lie in its grave. Possibly forever.
But if you have any doubts, you can also look at the almost zero TVL and all the abandoned projects. Ask all Terra devs who moved to Eth L2s or Cosmos ever since.
correct mentioning here , I don't know why thread like this still bumping since OP isn't available to protect His claim here and also who will believe a one of the biggest scam happened in altcoin community?
by all means investors will never put a step in this project nor even look at how it works again.