Community Forex Questions
What is Terra?
Terra is a Cosmos-based system that allows algorithmic stablecoins to be pegged to the LUNA currency.
Prior to depegging, TerraUSD (UST) maintained its stablecoin moniker and value relative to the dollar for almost 18 months. The decoupling caused investor fear, resulting in the collapse of UST and LUNA. LUNA's price fell from $64 on 9 May 2022 to pennies a few days later.
In order to be tied to the fiat currency, the Treasury lacks dollar reserves. It employs LUNA to retain its value. However, Terra supporters opted to relaunch LUNA and rename the project Terra 2.0. Could the moment be right to purchase?
https://www.terra.money
Prior to depegging, TerraUSD (UST) maintained its stablecoin moniker and value relative to the dollar for almost 18 months. The decoupling caused investor fear, resulting in the collapse of UST and LUNA. LUNA's price fell from $64 on 9 May 2022 to pennies a few days later.
In order to be tied to the fiat currency, the Treasury lacks dollar reserves. It employs LUNA to retain its value. However, Terra supporters opted to relaunch LUNA and rename the project Terra 2.0. Could the moment be right to purchase?
https://www.terra.money
Jun 29, 2022 17:30