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    WebsCrypto—News—Altcoin News—Terra Ecological Stablecoin Ust Surpasses Shib in Market Value
    Altcoin News

    Terra Ecological Stablecoin Ust Surpasses Shib in Market Value

    By WebsCryptoMarch 10, 2022
    Terra Ecological Stablecoin Ust Surpasses Shib in Market Value
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    The market value of Terra’s ecological stablecoin UST exceeded $14 billion for the first time, surpassing Shiba Inu (SHIB) and ranking 14th in the cryptocurrency market capitalization rankings.

    It is reported that UST is an algorithmic stable coin. For every UST minted, LUNA tokens worth 1 USD need to be burned.

    UST’s monetary policy is infinitely scalable. As previously reported, due to the continued high demand for UST, the Terra ecological development organization Luna Foundation Guard (LFG) decided to burn 4.2 million LUNA again and cast it into UST (about 400 million US dollars).

    DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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