TerraUSD
USTCalculate how much you can earn by staking TerraUSD. Results vary based on the staking amount, term, and type selected.
Revenue over time (USD / week)
Total Reward Rate
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or 0% annualizedEst. Monthly Earning
$0
0 USTEst. Yearly Earning
$0
0 USTFAQ's
- What is TerraUSD?
- Who is the team behind TerraUSD?
- How was TerraUSD Launched?
TerraUSD is the first decentralized stablecoin that is scalable, yield bearing and interchain. Do Kwon and his team are excited to bring TerraUSD to many ecosystems and apps, and help DeFi finally scale.
TerraUSD is an algorithmic stablecoin, where the cost of minting is equal to the face value of the stablecoins minted — in order to mint 1 TerraUSD, only $1 worth of the reserve asset ($LUNA) must be burned. TerraUSD monetary policy is infinitely scalable — helping DeFi apps and protocols achieve their full potential without restrictions.
The team behind TerraUSD is Terraform Labs lead by Do Kwon – Kwon cofounded Terra to use blockchain technology to develop a more efficient payment system. Its eponymous price-stable cryptocurrency, or stablecoin, attracted 40 million users to work with the company at launch in January 2018. With the aim of building a blockchain-based payment system, Terra has raised $32 million from crypto-giants such as Binance, Arrington XRP and Polychain Capital, as well as assembling an alliance of commerce partners including Korean ticketing giant Ticketmonster and travel service Yanolja.
In the fall of 2020, the team launched TerraUSD (UST) with Bittrex Global, and announced plans to take it interchain to every major blockchain, starting with Ethereum and Solana. (TerraUSD launches on September 12 on Bittrex Global)