What is terrausd (Ust)?

TerraUSD (UST) appeared as a stablecoin that intends to benefit users and the community at large. The guide provides detailed description of the coin and explains the advantages of UST over alternative stablecoins. TerraUSD (or UST) is a decentralized, scalable, interest-bearing, and algorithmic stablecoin offering a wide range of features.

Is terrausd a stablecoin?

They will debut TerraUSD on Bittrex Global in September 2020. TerraUSD has outperformed numerous stablecoin competitors in the market since then, including GUSD (Gemini) and PAX (Paxos). Terra is TerraUSD’s own blockchain, which Terraform Labs created (a subsidiary of Terra Alliance). Do Kwon is the CEO of Terraform Labs.

How does terrausd work?

Terra works by using a few easy to handle protocols. This allows the users to access the key features of TerraUSD. These features include: To provide the best experience to its users, TerraUSD makes the best use of existing technologies. Since it’s an algorithmic stablecoin, the minting cost is equal to the recently minted stablecoins.

What is terrausd blockchain?

Terra is TerraUSD’s own blockchain, which Terraform Labs created (a subsidiary of Terra Alliance). Do Kwon is the CEO of Terraform Labs. He worked as a software developer for Microsoft and Apple in the past. He was also the founder and CEO of Anyfi, a company that provides decentralized wireless mesh network solutions.