What is TerraUSD (UST)?
No value0% last 7 days
Our take on TerraUSDDo 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.
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Interesting facts about TerraUSDHere 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 communityDive deeper into the different opinions about TerraUSD and learn how others feels about it.
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
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Community ReviewsBased on 1 community reviews
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