#299 rank
Terraclassicusd ustc
Terraclassicusd Price in USD
$0.022
0.79%0 ETH
0 BTC
Price Change
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Terraclassicusd Price Statistics
Current Price
$0.022
Fully Diluted MarketCap
$278,834,779
Total Volume
10,384,713
Total Supply
9,784,317,475.478
Circulating Supply
8,953,331,543.27
What is TerraUSD (UST)?
TerraUSD (UST) is the native token of the terra blockchain and rapidly expanding to top blockchains like Solana and Ethereum.
TerraUSD is a decentralized and algorithmic stablecoin produced by Terra Labs. It is a scalable, yield-bearing coin that is value-pegged to the US Dollar
The Team Behind TerraUSD (UST)
- Do Kwon and Daniel Shin lauched TerraUSD in September 2020.
- Do Kwon is the CEO of Terraform Labs.
- Daniel Shin is a talented economist and entrepreneur
Top Value Drivers For TerraUSD (UST)
The main reasons to invest in UST include:
* Higher level of scalability: To issue 1 UST, you need to burn 1 LUNA. It turns out that UST’s monetary policy scales nearly without limits, thereby helping DeFi projects reach their full potential.
* Passive Income Potential: Stable ~19% interest rate if UST deposited into Terra’s Anchor Protocol App
* Low fees than Ethereum native stablecoin Dai
* Interoperability: Expansion into other Layer 1 blockchains such as Ethereum, Solana, Avalanche, etc
Trending Coins
FAQs
The current price of Terraclassicusd is USD 0.022.
The total supply of Terraclassicusd is 9,784,317,475.478 and circulating supply of Terraclassicusd is 8,953,331,543.27
The trading volume of Terraclassicusd is 10,384,713 in the last 24 hours.