Market cap $0.0 Full cap ∞ Volume 24H $0.0 ATH $0.0000
Terra is a stablecoin that achieves price-stability via an elastic money supply, enabled by stable mining incentives.
The protocol ensures price-stability by algorithmically expanding and contracting supply. It also uses seigniorage created by its minting operations as transaction stimulus, thereby facilitating adoption.
Pegged to the world’s major currencies, Terra aims to be able to support a global payment network.
The team believes that a currency that cannot be used at checkout is useless. Terra is partnered with an alliance of eCommerce platforms, collectively pushing $50 billion in annual transaction volume with 50 million users. Terra aims to become a medium of exchange at a massive scale.
Since December 1, Terra’s TVL increased by 68%, hitting an all-time high of $20.05 billion. As a result, Terra is currently the second-largest DeFi player on the crypto market. It follows only Ethereum and has overtaken Binance Smart Chain.
