Cryptocurrency Q&A
Is Terra a coin?
Is Terra a coin?
VoyagerSoul
Wed Nov 20 2024
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6 answers
661
I've heard about Terra and I'm wondering if it's a type of cryptocurrency coin. I want to know if I can invest in Terra like other digital coins and whether it has any special features that make it unique.
6 answers
Caterina
Fri Nov 22 2024
Terra represents a collection of algorithmic stablecoins.
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KimonoGlory
Fri Nov 22 2024
These stablecoins are named based on the currencies they are pegged to.
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BonsaiGrace
Thu Nov 21 2024
For instance, TerraUSD (UST) is pegged to the U.S. dollar.
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FireFlyer
Thu Nov 21 2024
LUNA plays a crucial role in the Terra ecosystem.
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Giulia
Thu Nov 21 2024
It serves as the primary backing asset for Terra.
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