TerraUSD (UST)A Decentralized Algorithmic Stablecoin of the Terra Blockchain.
TerraUSD (UST) is a decentralized algorithmic stablecoin of the Terra blockchain. In order to mint 1 UST, 1 USD worth of the reserve asset, LUNA, must be burned.
UST consists of the following major components working in conjunction:
- Yield-bearing: Terra has launched Anchor Protocol, which is a savings protocol offering stable yield on Terra stablecoins including UST.
- Cross-chain: UST is currently available in several token standards including its native Terra Blockchain (CW-20), Ethereum (ERC-20) and BSC (BEP-20). Users can bridge tokens using the Terra Bridge.
As at December 24th 2021, the total and circulating token supply of UST is 9,588,696,550.