<p>TerraUSD is a stablecoin that launched in 2020. It is decentralized, scalable, yield-bearing, and interchain compatible. As such, it can be used on many ecosystems and apps. In particular, it is famous for its predominantly infinitely scalable monetary policy. With a surging demand in stablecoins, it was clear that most of them are not genuinely scalable. Therefore, TerraUSD was created in part to challenge stablecoin market leader DAI.</p><p>Terra, the company behind TerraUSD, was created by Do Kwon and Daniel Shin in April 2019, and it forms a part of Terraform Labs. On September 12, 2020, the company released TerraUSD on Bittrex Global. Terra is TerraUSD’s native blockchain.</p><h3>What are USTC key features and how does it work?</h3><p>Terra incorporates a few simple protocols and policies to achieve TerraUSD’s fundamental features. They include scalability, yield-bearing, and interchain capabilities. TerraUSD also makes use of of pre-existing technology and innovations with the aim of providing users with the best possible experience.</p><p>TerraUSD is an algorithmic stablecoin, which means the cost of minting is equal to the face value of the minted stablecoins. It uses LUNC, Terra’s native cryptocurrency, as a reserve asset. In other words, if you want to mint one TerraUSD, only $1 worth of Terra’s LUNC token is burned out of the system.</p><h3>What is noteworthy about TerraUSD?</h3><p>A unique feature of TerraUSD is that it allows the linking and enabling of blockchain ecosystems. This is through a bridging protocol called Dropship. Essentially, Dropship allows integration of TerraUSD into various DeFi platforms, as well as enabling it to be moved from blockchain to blockchain. As such, this protocol helps to guarantee scalability. Mining the token requires validators on the Terra Network to stake LUNC. These validators will serve as oracles for the dollar price of LUNC. In return, they earn small quantities of tokens from USTC transactions.</p><h3>What can USTC be used for?</h3><p>Since TerraUSD promises high scalability, interest-bearing, and interchain usage, it has many potential use cases. DeFi protocols can use the coin without losing scalability, as USTC can fulfill high demands due to its unique minting mechanism. A dynamic area where USTC has excited Terra’s users is yield or interest-bearing. Anchor’s interest or profit on the Terra platform depends on block rewards in USTC from PoS chains existing in the PoS space. This interchain operability is supported by a novel bridging protocol Dropship, allowing UST to easily move between blockchains.</p><p>It can also be used in dApps. For example, Mirror protocol, a platform that allows the minting of fungible “synthetic assets” that track the prices of real-life assets in the present time, uses USTC as a bare asset. Lastly, USTC can also be integrated as a payment option with e-wallets such as Chai and MemePay.</p><h3>Historical events:</h3><p>The new Terra chain without an algorithmic stablecoin was launched on May 27. The old chain will be called Terra Classic (token: $LUNC) with the stablecoin USTC, and the new chain will be called Terra (token: $LUNA). More details: <a target="_blank" rel="noopener noreferrer nofollow" href="https://twitter.com/terra_money/status/1529451631263174656">https://twitter.com/terra_money/status/1529451631263174656</a></p>

Terra Classic USD

Terra USD is an algorithmic stablecoin on the Terra blockchain pegged to the US dollar

CryptoRank Premium

Add New {name} Alert

Moves above

Moves below

Coin tracking

ATH Reached

change abs

change %

Price Range

Unusual volume

Please connect your account to our Telegram bot to receive notifications

New price alert added

Check your email

We've sent you an email with confirmation link. If you don't have it in your inbox - check your spam box.

CryptoRank App

See CryptoRank with...

You need to click on the button below and start the opened bot

Choose a convenient way to connect your EVM wallet.

Privacy & Terms Agreement

Market Data API

Track your wallet balances, view asset allocations, get real-time price data, and more

Easily manage your assets with our Mobile App

Join and earn by referring new subscribers!

Explore blockchain platforms: ecosystem projects, TVL, and other key metrics

Name

Complete tasks and earn rewards

CryptoRank Spaceships

Please enter your valid email address to proceed with registration.

Sorry, but your {social} account doesn't have an email address.

IDO/ICO analytics: post-listing ROI and launchpad comparisons.

Track project announcements and campaigns. Spot early opportunities so you don’t miss airdrops and rewards.

Exchanges overview: volumes, listings, market share.

Track rounds, stages, and amounts. See investors and fund portfolios.

Monitor DeFi & NFT, positions and P&L. Popular chains and a mobile app supported.

Lite gives core tools ad-free. Premium adds advanced analytics, full tables, and exclusives.

TGE calendar and vesting flow. Analyze unlock volumes and percentages to gauge supply pressure and plan your moves.

Get in touch with us for info about listings, tokens, exchanges, IDOs, or any other promotional inquires

Interested in a partnership?

Improves token ranking and increases exposure.

Visibility Boost

Accelerates momentum and helps stay in trending.

Trending Score Growth

Boost Benefits

Boost visibility, raise the Trending Score, and unlock the Premium Ticker for {symbol}!

Purchasing a Boost does not guarantee a specific ranking or position. CryptoRank makes no representations or guarantees regarding the impact of Boost on asset visibility. All purchases are final and non-refundable.

Want to learn more about Boost? <link>Check out the guide!</link>

Give {name} a {boost}

Subject

The account is suspected of violating CryptoRank.io terms of use. You may continue to use the website except for personal features.

Your account has been suspended

By accessing and using our Site, you confirm that you are at least 18 years old or the legal age of majority in your jurisdiction. Please also ensure you have read and agree to our Terms of Use and Privacy Policy & Cookies Statement

Historical data tab for %name% in USD for download and research

Historical Data for %name% in USD

Terra Classic USDUSTC

Historical Data for Terra Classic USD