Market Cap
$285,746,048.74
Volume (24 H)
$7,946,311.50
UST with marketcap of BTC
$47.0241
TerraUSD / U.S. Dollar Tweet Timeline of MessariCrypto

UST Sentiment Score of MessariCrypto

Tweets

About TerraUSD

What Is TerraUSD (UST)?

TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage.

TerraUSD provides several benefits that have made it a stand-out stablecoin competitor. Due to its minting mechanism, UST meets the requirements of DeFi protocols that it uses without losing scalability. UST can also be easily added to crypto wallets by simply integrating TerraUSD as a payment method. Another area where TerraUSD has shown its power is DApps. For example, platforms that mint fungible synthetic assets and track real-life asset prices use UST as a pricing benchmark.

TerraUSD (UST) was launched in September 2020 (in collaboration with Bittrex Global) and has since gained the reputation as the most scalable stablecoin. UST can be used in conjunction with LUNA, Terra's non-stablecoin crypto, or as a standalone token.

Optional video embed from Terra: https://www.youtube.com/watch?v=KqpGMoYZMhY

Who Are the Founders of TerraUSD?

Do Kwon and Daniel Shin founded Terra (LUNA) in April 2019. In September 2020, they launched TerraUSD on Bittrex Global. Since that date, TerraUSD has outstripped many stablecoin competitors in the market, such as GUSD (Gemini) and PAX (Paxos). Terra is TerraUSD's own blockchain, the creation of Terraform Labs (a subsidiary of Terra Alliance).

Do Kwon is the CEO of Terraform Labs. He is a former software engineer at Microsoft and Apple. He also served as CEO of Anyfi, a startup providing decentralized solutions for wireless mesh networks. Kwon is included in the Forbes 30 Under 30 list of the world's most successful entrepreneurs.

Co-founder Daniel Shin is a talented economist and entrepreneur. Before Terra Alliance, he co-founded Fast Track Asia, a startup incubator, and managed to co-found and lead TMON (Ticket Monster), a South Korean e-commerce platform.

What Makes TerraUSD (UST) Unique?

Enhanced Scalability - TerraUSD is an algorithmic stablecoin with a value equal to the face value of minted stablecoins. To issue 1 TerraUSD, you need to burn 1 LUNA reserve asset. It turns out that TerraUSD's monetary policy scales nearly without limits, thereby helping DeFi projects reach their full potential. Easy Exchange - The stablecoins in the Terra ecosystem share the total liquidity, meaning you can exchange TerraUSD for TerraKRW (their stablecoin pegged to the Korean Won) with minimal fees. Passive Income Potential - Additionally, users can gain passive income using TerraUSD with the Anchor protocol's stable interest rates. Anchor is a lending protocol that promises a 20% return on UST savings. Additional and steady income appears through rewards in PoS chains, which maintain their stability due to commissions and inflation. This nuance will make it possible to form a reliable interest rate. Interoperability - With the Dropship bridge protocol, TerraUSD allows blockchain ecosystems to be connected. Dropship integrates TerraUSD into numerous DeFi and DEX platforms, and most importantly, moves assets between chains. LUNA supply and demand determine the value of TerraUSD. Thus, a stable UST cost is guaranteed as the Dropship protocol helps maintain scalability.

To summarize, TerraUSD (UST) is the first decentralized stablecoin that provides interest earnings, incredible scalability, and easier interchain movement.

Related Pages:

Read about Terra (LUNA).

Read about Tether (USDT) and Dai (DAI) - other popular stablecoins (stable-value cryptocurrency) that mirror the price of the U.S. dollar.

What is a stablecoin? Check an in-depth guide on CMC Alexandria.

What are DApps? Learn more with CoinMarketCap's educational resource.

Click here and see the top DeFi tokens by Market Capitalization.

How Many TerraUSD (UST) Coins Are There in Circulation?

TerraUSD (UST) is a stablecoin built on the Terra blockchain. The UST token has no technical support. Instead, the creation of the UST is facilitated by burning LUNA tokens.

The UST value fluctuates because it’s driven by supply and demand for the asset and the US dollar value. When the value of the UST exceeds a dollar, LUNA holders can sell tokens for UST. As a bonus, due to the increase in the UST supply, the prices for LUNA are also growing. When supplies are reduced for profit, UST tokens can be sold for Terra (LUNA). This action returns the UST price to the target level. Consequently, a certain amount of LUNA is burned, which creates scarcity and increases their value.

As of June 2021, the maximum supply is about 1.93B UST, and its qualities of scalability and functionality make TerraUSD (UST) one of the most notable stablecoins in the cryptocurrency market.

How Is the TerraUSD Network Secured?

TerraUSD (UST) is pegged to the price of a dollar and is secured by Terra (LUNA). LUNA is an asset reserve that ensures the stability and security of the UST through the seigniorage process (income received from an emission of money).

Miners also play a significant role in Terra's security. Miners participate in a proof-of-stake (PoS) consensus, providing stability by absorbing short-term demand volatility for Terra. After all, stable demand for mining is one of the main requirements for security and stability. Therefore, the TerraUSD protocol strives to provide stable rewards in all economic conditions. This way, TerraUSD can provide compensation to those who protect and build the network.

Where Can You Buy TerraUSD (UST)?

To buy TerraUSD (UST), you need to have Bitcoin or Ether to swap for UST on the exchanges where the token is listed. These exchanges include KuCoin, Uniswap (V2), Bittrex, Bitfinex, Gate.io, PancakeSwap (V2), Sushiswap, Terraswap, 1inch Exchange, MEXC, OpenOcean, DODO BSC.

Want to buy some crypto? Use CoinMarketCap’s guide.

Learn more about the crypto space on the CMC blog.

Latest News On TerraUSD

Ether surges to a two-month high after ethereum inches closer to long-awaited upgrade - CNBC

Ether surges to a two-month high after ethereum inches closer to long-awaited upgrade CNBC

Thu, 11 Aug 2022 12:36:11 GMT

Crypto lender Hodlnaut suspends withdrawals - The Washington Post

Crypto lender Hodlnaut suspends withdrawals The Washington PostSingapore-based crypto lender Hodlnaut suspends withdrawals ReutersCrypto Lender Hodlnaut Freezes Withdrawals, Pulls Singapore Application BlockworksAsian Crypto Lender Hodlnaut Halts Withdrawals BloombergCrypto lender Hodlnaut follows other firms in freezing withdrawals The VergeView Full Coverage on Google News

Wed, 10 Aug 2022 01:11:00 GMT

Coinbase’s staking products and listings under scrutiny by SEC - SiliconANGLE News

Coinbase’s staking products and listings under scrutiny by SEC SiliconANGLE News

Thu, 11 Aug 2022 18:50:12 GMT

Ripple Labs interested in bankrupt crypto lender Celsius' assets - Reuters

Ripple Labs interested in bankrupt crypto lender Celsius' assets Reuters

Wed, 10 Aug 2022 16:46:00 GMT

South Korea Makes First Arrests in Major Crypto-Linked Inquiry - Bloomberg

South Korea Makes First Arrests in Major Crypto-Linked Inquiry Bloomberg

Thu, 11 Aug 2022 08:25:48 GMT

Korea Blockchain Week Attracts Crowds Amid Market Turmoil - The New York Times

Korea Blockchain Week Attracts Crowds Amid Market Turmoil The New York Times

Mon, 08 Aug 2022 11:54:22 GMT

What is crypto winter? Here are the basics on this period of market cooling. - MarketWatch

What is crypto winter? Here are the basics on this period of market cooling. MarketWatch

Tue, 09 Aug 2022 09:01:00 GMT

Mark Cuban accused of operating a 'Ponzi Scheme' with Voyager Digital - Kitco NEWS

Mark Cuban accused of operating a 'Ponzi Scheme' with Voyager Digital Kitco NEWS

Thu, 11 Aug 2022 17:53:00 GMT

Future of cryptocurrency in the balance as bitcoin prices plummet - The Star Online

Future of cryptocurrency in the balance as bitcoin prices plummet The Star Online

Thu, 11 Aug 2022 02:00:00 GMT

Coinbase Stock — Down 15% On 64% Revenue Plunge — Will Fall More - Forbes

Coinbase Stock — Down 15% On 64% Revenue Plunge — Will Fall More Forbes

Wed, 10 Aug 2022 13:29:28 GMT
3.0%
Average Weekly ROI
8.0%
Average Monthly ROI