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TerraUSD is a Korean stablecoin built on the Terra network. It is pegged 1:1 with the US dollar. Stablecoins are pegged to a steady asset and are useful for crypto holders during periods of market volatility. US dollar stablecoins allow cryptocurrencies to be traded without needing to convert to and from USD fiat currency. Stablecoins can also capture the benefits of decentralised finance (staking and other rewards) without experiencing the volatility that can come with other cryptocurrency tokens. According to the TerraUSD blog, the project aims to solve the issues typically related to stablecoins. These include scalability and interoperability. UST is a prominent interchain coin, meaning that it operates across a number of blockchain protocols (e.g. Solana, Terra and Ethereum). This is accomplished by a bridging protocol known as ‘Dropship’, inspired by the video game StarCraft. The bridging protocol allows UST to be distributed across a broad spectrum of decentralised finance applications. Through its interchain capabilities, Terra wants the token to be a building block for the future success of the entire cryptocurrency ecosystem. The coin can be staked, swapped and liquidity farmed on decentralised exchanges (DEXs) and can also be used to buy and sell goods/services on supported websites that utilise the PaywithTerra initiative.
TerraUSD (UST) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $11,111,216,744. The current price of TerraUSD is $0.994442, which is -1.058% lower than yesterday. Prices have ranged between $1.02 and $0.968779 over the past 24 hours. All prices are listed in US dollars and accurate as of January 24, 2022 01:01 UTC.
| Coin symbol | UST |
|---|---|
| Coin Marketcap | US$11,111,216,744 |
| Total UST supply | 11,159,594,212 |
| Circulating UST | 11,160,636,651 |
| Current price | US$0.994442 |
| All time high | US$1.09 |
Historical prices compared with the price of US$0.994442.
| 1 hour | -0.36% |
|---|---|
| 24 hours | -1.06% |
| 7 days | -0.60% |
| 14 days | -0.47% |
| 30 days | -0.96% |
|---|---|
| 60 days | -0.78% |
| 200 days | -0.49% |
| 1 year | -1.58% |
Disclaimer: Cryptocurrencies, including TerraUSD, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of UST is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the TerraUSD or any other cryptocurrency discussed.