1. Terra (LUNA)
It's a DeFi ecosystem that's underpinned by algorithmic stablecoins. Terra's Chai payment platform is accepted by thousands of merchants in Korea and its Anchor savings platform is proving popular.
A stablecoin's value is pegged to a non-crypto commodity like gold or a fiat currency like the U.S. dollar. And unlike a fiat-backed stablecoin which is backed 1:1 by a traditional currency, an algorithmic stablecoin keeps its peg by using a smart contract to issue or buy coins. Terra does this using the LUNA token to increase or reduce the supply.
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What Is Terra (LUNA)?
Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.
Terra's native token, LUNA, is used to stabilize the price of the protocol's stablecoins. LUNA holders are also able to submit and vote on gover...
What Makes Terra Unique?
Terra stablecoins offer seamless cross-border value exchange and instantaneous swaps between one another, all while employing instant settlement and extremely low fees for use by anyone, anywhere.
- Terra seeks to set itself apart through its use of fiat-pegged stablecoi...
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