TerraClassicUSD
Price
USTC
TerraClassicUSD Fundamental Analysis
What Is USTC?
TerraUSD (UST) stands as the decentralized and algorithmic stablecoin within the Terra blockchain. As a scalable and yield-bearing coin, it is pegged to the value of the US Dollar. TerraUSD was designed with the primary goal of providing value to the Terra community and addressing the scalability challenges prevalent among other stablecoins, such as Dai, within the realm of decentralized finance (DeFi). Consequently, TerraUSD aims to deliver an enhanced level of scalability, precision in interest rates, and seamless interchain functionality for its users.
Value Analysis of USTC
TerraUSD (UST) boasts enhanced scalability, utilizing an algorithmic stablecoin model tied to the face value of minted stablecoins. To mint 1 TerraUSD, burning 1 LUNA reserve asset is required, enabling scalable monetary policy for DeFi projects. The Terra ecosystem ensures easy exchange and shared liquidity, allowing minimal-fee swaps between TerraUSD and TerraKRW. Users can generate passive income through the Anchor protocol, offering a 20% return on UST savings, with additional rewards from PoS chains. TerraUSD's interoperability is facilitated by the Dropship bridge protocol, connecting it to various DeFi and DEX platforms, enabling cross-chain asset movement while ensuring a stable UST cost.
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Release Time：
2020-09-21
