7. Stablecoin

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...

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...

Paper Money was pushed as a 'fiat' currency due to an attractive quality: it was guaranteed to trade by the state authority for a specific weight of gold or silver, and couldn't be melted down or devalued.