TerraClassicUSD Rank 93
$0.036244
TerraClassicUSD Rank 93
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11,278,951,456 UST

TerraClassicUSD
TerraClassicUSD
UST

TerraClassicUSD Price
$ 0.0362

TerraClassicUSD 24h Vol
$41,295,469

TerraClassicUSD Market Cap
$408,799,923

24h Vol
1,433 BTC
1 H
2.62 %
24 H
-58.48 %
7 d
-52.1 %
Today TerraClassicUSD price in US dollars is currently 0.0362 USD, and if converted to Bitcoin is 0.00000126 BTC. A total of 11,278,951,456 UST are currently circulating in the Market. TerraClassicUSD price is currently experiencing a change of -58.48 %, and check here all cryptocurrency. Over the past 24 hours 0.413 M US dollars TerraClassicUSD have been traded on Crypto Exchanges. Get TerraClassicUSD's progress by adding it to your favourites and creating a free portfolio.
Full Name
TerraClassicUSD
Symbol
UST
Algorithm
BTC Price
0.00000126 BTC
BTC Market
14,188 BTC
BTC 24h Vol
1,433 BTC
Total Coins Mined
11,278,951,456 UST
1h
2.62 %
24h
-58.48 %
7d
-52.1 %
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Description

Description


Terra aims to build a new financial infrastructure that works better for everyone. The network is powered by a family of stablecoins, each pegged to major fiat currencies all algorithmically stabilized by Terra’s native token, Luna. Terra’s mission is to set money free by building open financial infrastructure. Luna, as the native staking asset from which the family of Terra stablecoins derives their stability, utility, and value, acts both as collateral for the entire Terra economy and as a staking token that secures the PoS network. Luna can be held and traded like a normal crypto asset, but can also be staked to accrue rewards in the network generated from transaction fees. Luna can also be used to make and vote on governance proposals.

The family of Terra stablecoins is designed to achieve stability through consistent mining rewards with a contracting and expanding money supply. For example, if the system has detected that the price of a Terra currency has deviated from its peg, it applies pressure to normalize the price. Currently, the family of Terra stablecoins includes: KRT (Terra stablecoin pegged to Korean Won), UST (Terra stablecoin pegged to US Dollar), MNT (Terra stablecoin pegged to Mongolian Togrog), SDR (Terra stablecoin pegged to IMF SDR), with more being added in the future.


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