What is TerraUSD (UST)?

Project not claimed (Claim project)

Terra is USD is the famous "stabletoken" that lost its tie with the USD dollar and collapsed almost entirely in May 2022, wiping out $80bn worth of money like a massive avalanche. Established in 2019, the idea was actually pretty good: Build a system of stablecoins to support e-commerce uses. This worked well... until it did't. In May 2022, mass withdrawals of TerraUSD triggered a collapse of both Terra and its sister coin Luna, wiping out a record breaking $80 billion in the crypto markets. Listen to our podcast below for the full story!

UST

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Cryptohunt's Opinion

Our take on TerraUSD

Do your homework when considering stablecoins: Often they are not as stable as they want you to believe they are. That was certainly the case with TerraUSD, which we are definitely staying far away from. The founders have submitted a proposal for a v2 of the blockchain, which we think lacks all market confidence. Hopefully this collapse is going to bring change without, including transparancy about the inner workings of stablecoins. Disclaimer: In full transparency, we originally liked the Terra-Luna idea, but said about the system: While the algorithmic stablecoin approach benefits scale, basing price stability on an inherently volatile underlying asset does give us some concern.

How do you feel about TerraUSD?

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Intermediate

Stablecoins Explained

Learn all about what a stablecoin is, the types of stablecoins, and if stablecoins are actually "stable".

20 min

•

6 lessons

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What makes TerraUSD special?

TerraUSD is a on its own, uses to validate transactions, and is. TerraUSD also supports.

Interesting facts about TerraUSD

Here are some facts you may not already know about TerraUSD. Something surprise you? Go ahead, share it!Any fact missing? Contact us.

TerraUSD is used to represent dollars in cross-border transactions.

Terra is a blockchain that was built for e-commerce.

TerraUSD is a stablecoin that represents $1 on the Terra blockchain.

TerraUSD reviews from the cryptohunt community

Dive deeper into the different opinions about TerraUSD and learn how others feels about it.

TerraUSD

Negative review

0xBrettH

5 mo. ago

An honest experiment turned heartbreaking disaster for thousands of people within the crypto family. While there are still algo-stablecoins out there, many have adjusted their messaging and/or lost significant market share due to the fall of UST. Massive amounts of caution and research need to go into any future interactions with Terra2.0. NFA + Please DYOR

TerraUSD price and insights

See how much TerraUSD is worth and learn from other insightful metrics

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Community Reviews

Based on 1 community reviews

Market insights

Market capitalization
Very small

24 hour trading volume
Very small

Market cap % of total
Very small

Project health

# Discord members
31,330
14% of them are active

# Telegram members
-

% of total supply circulating
Very small

What’s the community like?

Community matters for projects like TerraUSD, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.

# Discord members
31,330

# Active Discord members
4,308