TerraUSD (UST) is an algorithmic, decentralized stablecoin that is pegged to the US Dollar through the burning of Terra’s reserve asset LUNA. TerraUSD is used to facilitate the use of payment services across the Terra network, provide interest earnings for holders, and support seamless cross-border value exchange.
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Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.
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