FXTM information and reviews
FXTM
95%
OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
FxPro information and reviews
FxPro
91%
HFM information and reviews
HFM
89%

TerraUSD Price, UST/USD Exchange Rates


TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar. TerraUSD was created to deliver value to the Terra community and offer a scalable solution for DeFi amid severe scalability problems faced by other stablecoin leaders like Dai. Thus, TerraUSD promises users a higher level of scalability, interest rate accuracy, and interchain usage.

TerraUSD provides several benefits that have made it a stand-out stablecoin competitor. Due to its minting mechanism, UST meets the requirements of DeFi protocols that it uses without losing scalability. UST can also be easily added to crypto wallets by simply integrating TerraUSD as a payment method. Another area where TerraUSD has shown its power is DApps. For example, platforms that mint fungible synthetic assets and track real-life asset prices use UST as a pricing benchmark.

TerraUSD (UST) was launched in September 2020 (in collaboration with Bittrex Global) and has since gained the reputation as the most scalable stablecoin. UST can be used in conjunction with LUNA, Terra's non-stablecoin crypto, or as a standalone token.

Who Are the Founders of TerraUSD?

Do Kwon and Daniel Shin founded Terra (LUNA) in April 2019. In September 2020, they launched TerraUSD on Bittrex Global. Since that date, TerraUSD has outstripped many stablecoin competitors in the market, such as GUSD (Gemini) and PAX (Paxos). Terra is TerraUSD's own blockchain, the creation of Terraform Labs (a subsidiary of Terra Alliance).

Do Kwon is the CEO of Terraform Labs. He is a former software engineer at Microsoft and Apple. He also served as CEO of Anyfi, a startup providing decentralized solutions for wireless mesh networks. Kwon is included in the Forbes 30 Under 30 list of the world's most successful entrepreneurs.

Co-founder Daniel Shin is a talented economist and entrepreneur. Before Terra Alliance, he co-founded Fast Track Asia, a startup incubator, and managed to co-found and lead TMON (Ticket Monster), a South Korean e-commerce platform.

What Makes TerraUSD (UST) Unique?

  • Enhanced Scalability. TerraUSD is an algorithmic stablecoin with a value equal to the face value of minted stablecoins. To issue 1 TerraUSD, you need to burn 1 LUNA reserve asset. It turns out that TerraUSD's monetary policy scales nearly without limits, thereby helping DeFi projects reach their full potential.
  • Easy Exchange. The stablecoins in the Terra ecosystem share the total liquidity, meaning you can exchange TerraUSD for TerraKRW (their stablecoin pegged to the Korean Won) with minimal fees.
  • Passive Income Potential. Additionally, users can gain passive income using TerraUSD with the Anchor protocol's stable interest rates. Anchor is a lending protocol that promises a 20% return on UST savings. Additional and steady income appears through rewards in PoS chains, which maintain their stability due to commissions and inflation. This nuance will make it possible to form a reliable interest rate.
  • Interoperability. With the Dropship bridge protocol, TerraUSD allows blockchain ecosystems to be connected. Dropship integrates TerraUSD into numerous DeFi and DEX platforms, and most importantly, moves assets between chains. LUNA supply and demand determine the value of TerraUSD. Thus, a stable UST cost is guaranteed as the Dropship protocol helps maintain scalability.

To summarize, TerraUSD (UST) is the first decentralized stablecoin that provides interest earnings, incredible scalability, and easier interchain movement.

How Many TerraUSD (UST) Coins Are There in Circulation?

TerraUSD (UST) is a stablecoin built on the Terra blockchain. The UST token has no technical support. Instead, the creation of the UST is facilitated by burning LUNA tokens. The UST value fluctuates because it’s driven by supply and demand for the asset and the US dollar value. When the value of the UST exceeds a dollar, LUNA holders can sell tokens for UST. As a bonus, due to the increase in the UST supply, the prices for LUNA are also growing. When supplies are reduced for profit, UST tokens can be sold for Terra (LUNA). This action returns the UST price to the target level. Consequently, a certain amount of LUNA is burned, which creates scarcity and increases their value.

As of June 2021, the maximum supply is about 1.93B UST, and its qualities of scalability and functionality make TerraUSD (UST) one of the most notable stablecoins in the cryptocurrency market.

How Is the TerraUSD Network Secured?

TerraUSD (UST) is pegged to the price of a dollar and is secured by Terra (LUNA). LUNA is an asset reserve that ensures the stability and security of the UST through the seigniorage process (income received from an emission of money).

Miners also play a significant role in Terra's security. Miners participate in a proof-of-stake (PoS) consensus, providing stability by absorbing short-term demand volatility for Terra. After all, stable demand for mining is one of the main requirements for security and stability. Therefore, the TerraUSD protocol strives to provide stable rewards in all economic conditions. This way, TerraUSD can provide compensation to those who protect and build the network.

Where Can You Buy TerraUSD (UST)?

To buy TerraUSD (UST), you need to have Bitcoin or Ether to swap for UST on the exchanges where the token is listed. These exchanges include KuCoin, Uniswap (V2), Bittrex, Bitfinex, Gate.io, PancakeSwap (V2), Sushiswap, Terraswap, 1inch Exchange, MEXC, OpenOcean, DODO BSC.

UST/USD Price and Exchange Rates Charts

UST/USD Price, Exchange Rates chart – 7 days

UST/USD Price, Exchange Rates chart – 30 days

UST/USD Price, Exchange Rates chart – 60 days

* Forex Rating accepts no liability for any errors in the TerraUSD Price or UST Information. For the most recent information please visit the TerraUSD official site.

Top Cryptocurrencies

# Cryptocurrency 7 days
1 BTC Information Bitcoin 1.95%
2 ETH Information Ethereum 3.63%
3 USDT Information Tether -0.11%
4 BNB Information BNB -1.34%
5 USDC Information USD Coin 0.01%
6 XRP Information XRP 26.11%
7 HEX Information HEX 6.38%
8 ADA Information Cardano 11.26%
9 DOGE Information Dogecoin 2.08%
10 STETH Information Lido stETH -3.32%
11 MATIC Information Polygon 1.77%
12 SOL Information Solana 0.16%
13 BUSD Information Binance USD -0.01%
14 DOT Information Polkadot 4.3%
15 WTRX Information Wrapped TRON 3.54%
16 LTC Information Litecoin -1.92%
17 SHIB Information Shiba Inu 1.82%
18 TRX Information TRON 3.87%
19 AVAX Information Avalanche 3.61%
20 DAI Information Dai -0.06%
Cryptocurrency Rating

Top Bitcoin Brokers

All Bitcoin Forex Brokers

BTC/USD Forecasts

Bitcoin Adjusting First Quarter Gains
Bitcoin Adjusting First Quarter Gains

The crypto market's capitalisation fell by 1.1% over the past day to 1.17 trillion, which resembles profit-taking after 50% of market growth in the first quarter of this year...

31 Mar 2023

Bitcoin is trying to break through the ceiling
Bitcoin is trying to break through the ceiling

The stock market’s upbeat mood brought the price of bitcoin back to the upper limit of the March trading range. In the low-liquid market early in the morning...

30 Mar 2023

BTC is balancing near 28080 USD
BTC is balancing near 28080 USD

The leading cryptocurrency has recovered from a crash at the beginning of the week. The market did not retreat and kept safe an important support level...

30 Mar 2023

Сhainlink vs. Polkadot: Which one is Better?
Сhainlink vs. Polkadot: Which one is Better?

When comparing Chainlink vs. Polkadot, there are many things to remember. Both Chainlink and Polkadot are popular projects, and they do serve some similar uses...

29 Mar 2023

Cryptocurrencies dispel fears
Cryptocurrencies dispel fears

After spending most of Tuesday below $27.0K, bitcoin began to gain strength towards the end of the day, trading at $27.5K on Wednesday morning, up 2.3%...

29 Mar 2023

The lawsuit against Binance highlights cryptocurrency infrastructure risks
The lawsuit against Binance highlights cryptocurrency infrastructure risks

Bitcoin is down 2.6% in the last 24 hours to $27K. The crypto market's total capitalisation fell 1.9% to 1.14 trillion. The decline was triggered by the CFTC's surprise lawsuit against Binance...

28 Mar 2023

FXCM information and reviews
FXCM
87%
RoboForex information and reviews
RoboForex
85%
MultiBank Group information and reviews
MultiBank Group
84%
Libertex information and reviews
Libertex
83%
Vantage information and reviews
Vantage
83%
FP Markets information and reviews
FP Markets
81%

© 2006-2023 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.