Wrapped UST Token
Market cap$705,413,768.73 USD11,279,503,439 UST
Circulating supply11,279,503,439 UST
Volume(24H)$169,715,665.26 USD2,713,790,000 UST
Max supply11,279,557,105 UST
TerraUSD (UST) Intro
< P >TerraUSD is a scalable, profitable, cross-chain decentralized stablecoin. TerraUSD is an algorithmic stablecoin whose cost is equal to the face value of the stablecoin minted -- in order to mint one TerraUSD, only $1 worth of reserve assets ($LUNA) is burned. Terra is a price stable and democratic currency protocol that represents a very special class of staboins -- algorithmic staboins. The value of a stablecoin does not depend on collateral, but is based on mathematical algorithms.
< P >< SPAN class=" bJH-P ">Terra stabilizes prices by automatically increasing or tightening the money supply through smart contracts that use dual tokens, including the stablecoin TerraUSD (UST) and the governance token Luna. The core of UST algorithm stability mechanism lies in smoothing short-term fluctuation through medium - and long-term benefits of the system. LUNA and UST can cast and destroy each other at the price quoted by the predictor. This dual Token design can provide negative feedback force to the system at ordinary times to maintain the stability of stablecoin UST. KuCoin is UST's largest trading market, which provides UST with better liquidity.
Terra's ecological layout, first through the payment application Chai, UST can be used for payment and consumption in the offline real world, quickly closing the gap between the crypto world and the traditional world. It also constructs a primary usage scenario for UST based on real-world payment requirements. Making UST more than just a stablecoin in the crypto world, but a real payment method.
At the same time, the traditional financial assets are combined to the chain through Mirror, so as to build the investment usage scenario on the chain for UST, and then assist Anchor to earn 20% of stablecoin income, so as to build the savings usage scenario on the chain. So far, the basic demand pattern of UST has been determined.< DIV class=" JSX-303514326 text"> A number of ecological projects are mainly carried out around this, in order to further strengthen the scene demand of UST from the three channels of payment, investment and savings, and achieve the holy grail of stable currency "price stability" and "wide adoption".