What is TERRA ? | All about TERRA in Short | Crypto Currency TERRA

What is TERRA?

Terra (LUNA) is a blockchain protocol for issuing algorithmic stablecoins and creating decentralized financial infrastructure. With Terra, you can earn interest on stablecoins, spend crypto easily with merchants, and replace most of your banking needs with one seamless DeFi protocol.

When was TERRA invented ?

The Terra blockchain was created by Korean blockchain firm Terraform Labs, which was incubated by the Terra Alliance. The Terra Alliance is a group of 15 eCommerce companies based around East Asia. Established by Daniel Shin and Do Kwon in 2018, Terraform Labs has an extensive background in eCommerce and finance.

Importance of TERRA?

Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies. It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand.

Future of TERRA?

The long-term investment opportunity in this Coin seems profitable. Many coin holders are looking for the best investment opportunities, and if you're one of them, then this might be the Coin for you.

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