Tag: $UST

TerraUSD is a decentralized, algorithmic stablecoin that runs on a blockchain and is intended to retain a value of one target US dollar. UST, unlike centralized stablecoins, is not backed by US dollars in a bank account like other cryptocurrencies. Instead, to mint 1 TerraUSD, you need to burn $1.00 of TerraUSD’s reserve asset (LUNA) to create 1 TerraUSD.

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