TerraUSD (UST)

TerraUSD (UST)

Rank #54

$0.091411

11.93%

0.000003 BTC

UST
USD

MARKET CAP

$1.031 B

ALL TIME HIGH

$1.05

VOLUME 24H

$133.17 M

CIRC. SUPPLY

11.279 B

VOL/MCAP

13.00%

TOTAL SUPPLY

11.279 B

DILUTED MCAP

1.031 B

MAX SUPPLY

--

1H USD

3.42%

24H USD

11.93%

7D USD

75.59%

30D USD

-90.88%

60D USD

-90.88%

90D USD

-90.89%

Tag:

cosmos-ecosystemstablecoinalgorithmic-stablecointerra-ecosystemView all

TerraUSD Price Chart

24h Change

11.93 %

TerraUSD - UST Profiles

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.

Oustanding Feautures

What is the project trying to achieve?

The protocol incentivizes an open, permissionless network of data reporting and data validation, ensuring that data can be provided by anyone and checked by everyone.

What is the unique selling point?

Collateralized stablecoins have a reserve of assets that back the stablecoin. The thinking goes that, for every stablecoin distributed, there should be one dollar in the reserve. Depending on what asset the stablecoin is pegged to, this can be gold, euros, dollars, or even real estate. Stablecoins like Tether and USDC are examples of collateralized stablecoins.

What is the unique selling point?

  • 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.

 

TerraUSD Price Live Data

UST Price

$0.091411

Trading Volume

$133.17 M

All Time High

$1.05

1hour Change

3.42%

24hours Change

11.93%

24hours Range

-11.69%

24hours Low

$1.00

24hours High

$1.00

Liquidity ±2%

$1,437,655.21 B

Bids -2%

$14.38 M

Asks +2%

$13.49 M

Market Cap

$1.03 B

Fully Diluted Market Cap

1.03 B

Circulating Supply

11.28 B

Total Supply

11.28 B

Max Supply

0.00

TerraUSD Markets

See All Market
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