TerraUSD Price Chart Update [UST]

The UST price update as of now is $0.01834. In the previous 24 hours, its trading volume was $3,373, and its value has increased by 2.85%. As of now, UST's live market cap is $179,847,738, and it is ranked as the #852 on the Coincu. UST has a circulating supply of 9,806,348,225 and a maximum supply of 9,806,348,225.

What Is TerraUSD (UST)?

TerraUSD (UST) is a stablecoin that operates on the Terra blockchain. It is designed to be decentralized and algorithmic, offering a scalable solution for the DeFi sector. One of its key features is its value-peg to the US Dollar. TerraUSD aims to address the scalability issues faced by other stablecoin leaders like Dai and provide users with enhanced scalability, interest rate accuracy, and interchain usage.

Key Features of TerraUSD (UST)

Project Objective

TerraUSD incentivizes an open and permissionless network of data reporting and validation. It allows anyone to provide data and ensures that it is verified by the community.

Collateralized Stablecoins

A reserve of assets backs collateralized stablecoins, including TerraUSD. The reserve should ideally hold one dollar for every stablecoin in circulation. The reserve assets can vary and may include gold, euros, dollars, or real estate. Tether and USDC are examples of collateralized stablecoins.

Enhanced Scalability

TerraUSD is an algorithmic stablecoin with a value equivalent to the minted stablecoins. It follows a monetary policy that can scale almost limitlessly. This feature is beneficial for DeFi projects, as it helps them reach their full potential.

Easy Exchange

TerraUSD and other stablecoins within the Terra ecosystem share liquidity. This means that exchanging TerraUSD for TerraKRW (the stablecoin pegged to the Korean Won) incurs minimal fees.

Passive Income Potential

Users of TerraUSD can earn passive income through the Anchor protocol's stable interest rates. Anchor is a lending protocol that offers a 20% return on UST savings. Additional income can be earned through rewards in PoS chains, which maintain their stability through commissions and inflation. This ensures a reliable and steady interest rate for TerraUSD holders.

Interoperability

TerraUSD incorporates the Dropship bridge protocol, which enables connection between different blockchain ecosystems. The Dropship protocol integrates TerraUSD into various DeFi and DEX platforms and facilitates asset movement across chains. The value of TerraUSD is determined by the supply and demand of LUNA tokens, and the Dropship protocol ensures scalability and stability for TerraUSD.