TerraUSD token
Overview
TerraUSD (UST) was an algorithmic stablecoin native to the Terra blockchain, designed to maintain a $1 peg through an elastic supply mechanism that required burning or minting its counterpart token, LUNA. It was primarily used as a medium of exchange and store of value within the Terra DeFi ecosystem, most notably on the Anchor Protocol lending platform. In May 2022, UST lost its peg and collapsed, leading to a near-total devaluation of both UST and LUNA.
Within the DeFi Intel graph, TerraUSD connects to 2 tracked entities, most strongly to Terraform Labs, Terraform Labs.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 2 of 2 total).
| Relation | Connected entity | Confidence |
|---|---|---|
issued | Terraform Labs | 95% |
issued_by | Terraform Labs | 90% |
Frequently asked questions
What is TerraUSD (UST)?
TerraUSD (UST) was an algorithmic stablecoin native to the Terra blockchain, designed to maintain a $1 peg through an elastic supply mechanism that required burning or minting its counterpart token, LUNA.
What was TerraUSD primarily used for?
It was primarily used as a medium of exchange and store of value within the Terra DeFi ecosystem, most notably on the Anchor Protocol lending platform.
What happened to TerraUSD in May 2022?
In May 2022, UST lost its peg and collapsed, leading to a near-total devaluation of both UST and LUNA.