Decentralized stablecoin: Terra is a blockchain that specializes in creating stablecoins. Rather than using cryptocurrencies in reserve, as many protcoles do, each stablecoin from terra and converted into a native token: Luna .

Terra can be considered a decentralized stablecoin under the ticker (UST). The platform consists of two tokens: TerraUST and Luna. The objective of Terra is to ensure the stability of a stablecoin replicating the price of a currency. For example, let's imagine that the equivalent of 1 terraUST is equal to 1 dollar. In parallel to this operation, the USD value of LUNA is put under escrow to ensure the proper functioning of terraUST. All users can contribute to this system.

Thus the stock of LUNA is used to buy or sell terra if it increases or decreases in value in order to stabilize its price and thus always offer 1 terraUST = 1 dollar.

Features:

The LUNA cryptocurrency allows holders to pay network fees, participate in governance, stake through the Tendermint Delegated Proof of Stake consensus mechanism and stabilize the price of stablecoins. Terra's ecosystem is thus progressing in two high-potential spheres: Stablecoins and DeFi.

...