TerraUSD (UST)

€ 0,23630

0,09 % € 0,00021

TerraUSD Price in Euros

(UST to EUR)

€ 0,23630

TerraUSD Volume

(24h)

€ 238.65 M

Market Cap

(TerraUSD)

€1.86 B
BTC

What is TerraUSD

TerraUSD (UST) is the stablecoin that runs on Terra's blockchain. This stablecoin was also developed by the same company. The value of TerraUSD is always equal to the US dollar, although the value is not backed by the dollar. Instead, the value is kept equal by an algorithm developed by Terra. This algorithm uses LUNA tokens to keep the value of UST stable.

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How does TerraUSD work?

The algorithm Terra uses is called Seigniorage. The value of LUNA is used to keep UST always worth one dollar. The moment the demand for UST increases, there will also need to be more LUNA tokens to keep the value the same. When this is the case, people can exchange their UST for LUNA. They can do this at an attractive rate, encouraging users to swap their tokens

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How to buy TerraUSD?

TerraUSD (UST) can be purchased on Coinmerce with iDeal, SEPA, GiroPay, Bancontact, Sofort, EPS and MyBank. If you have an account, you will have purchased the UST stablecoin within a few clicks. Don't have an account yet? Create one for free, easily done within 5 minutes.

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How to buy TerraUSD?

TerraUSD (UST) can be purchased on Coinmerce's crypto exchange. If you have an account, you will have purchased the UST stablecoin within a few clicks. Don't have an account yet? Create one for free, easily done within 5 minutes. At Coinmerce, you can buy UST with iDeal, SEPA, GiroPay, Bancontact, Sofort, EPS and MyBank. It is also possible to buy UST with Coinmerce Coins (CM). These are stablecoin tokens from Coinmerce that are linked to the value of the euro.

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About TerraUSD

TerraUSD (UST) is the stablecoin that runs on Terra's blockchain. This stablecoin was also developed by the same company. The value of TerraUSD is always equal to the US dollar, although the value is not backed by the dollar. Instead, the value is kept equal by an algorithm developed by Terra. This algorithm uses LUNA tokens to keep the value of UST stable. The algorithm Terra uses is called Seigniorage. The value of LUNA is used to keep UST always worth one dollar. The moment the demand for UST increases, there will also need to be more LUNA tokens to keep the value the same. When this is the case, people can exchange their UST for LUNA. They can do this at an attractive rate, encouraging users to swap their tokens. The same happens the other way around: when there are too many LUNA tokens relative to the demand for UST, people will be encouraged to swap their LUNA tokens to UST. Terra will at that time burn the LUNA tokens by sending them to the community pool. The tokens in this pool will be used for Terra's continued development. Terra's blockchain uses the Proof of Stake (PoS) consensus mechanism. The computers in the network will have to adhere to these rules in order to be active. With Proof of Stake, the network consists of validators, who are chosen to validate transactions and create new blocks. This makes UST a fairly durable crypto currency, compared to cryptocurrencies that run on a Proof of Work (PoW) blockchain, such as Bitcoin.

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Founder Daniel Shin
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Founder Do Kwon
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Founded 2020
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Industry Stablecoin
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Website Website
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Location Seoul, South Korea
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Rank 38
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Market Cap 1.86 B
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Trading volume 238.65 M
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Circulating 11.28 B
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Twitter Twitter
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gitHub gitHub
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Medium Medium