TerraUSD Rank 66
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11,278,951,456 UST

TerraUSD
TerraUSD
UST

TerraUSD Price
$ 0.0642

TerraUSD 24h Vol
$129,466,414

TerraUSD Market Cap
$724,459,822

24h Vol
4,389 BTC
1 H
-18.8 %
24 H
-26.05 %
7 d
-26.75 %
Today TerraUSD price in US dollars is currently 0.0642 USD, and if converted to Bitcoin is 0.00000218 BTC. A total of 11,278,951,456 UST are currently circulating in the Market. TerraUSD price is currently experiencing a change of -26.05 %, and check here all cryptocurrency. Over the past 24 hours 1.295 M US dollars TerraUSD have been traded on Crypto Exchanges. Get TerraUSD's progress by adding it to your favourites and creating a free portfolio.
Full Name
TerraUSD
Symbol
UST
Algorithm
BTC Price
0.00000218 BTC
BTC Market
24,561 BTC
BTC 24h Vol
4,389 BTC
Total Coins Mined
11,278,951,456 UST
1h
-18.8 %
24h
-26.05 %
7d
-26.75 %
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Website
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Description

Description


Terra aims to build a new financial infrastructure that works better for everyone. The network is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native token, Luna. Terra’s mission is to set money free by building open financial infrastructure. Luna, as the native staking asset from which the family of Terra stablecoins derives their stability, utility, and value, acts both as collateral for the entire Terra economy and as a staking token that secures the PoS network. Luna can be held and traded like a normal crypto asset, but can also be staked to accrue rewards in the network generated from transaction fees. Luna can also be used to make and vote on governance proposals.

The family of Terra stablecoins is designed to achieve stability through consistent mining rewards with a contracting and expanding money supply. For example, if the system has detected that the price of a Terra currency has deviated from its peg, it applies pressure to normalize the price. Currently, the family of Terra stablecoins includes: KRT (Terra stablecoin pegged to Korean Won), UST (Terra stablecoin pegged to US Dollar), MNT (Terra stablecoin pegged to Mongolian Togrog), SDR (Terra stablecoin pegged to IMF SDR), with more being added in the future.


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