TerraUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00. Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD’s reserve asset (LUNA) must be burned.
TerraUSD is on the decline this week.The price of TerraUSD has fallen by 0.10% in the past 7 days. The current price is $1.003 per UST. TerraUSD is 4.48% below the all time high of $1.05.The current circulating supply is 2,600,654,647.108 UST.
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