Altcoins News
By Maheen Hernandez
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Why TerraUSD (UST)
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Strong speculative demand leads to wild fluctuations in the price of Bitcoin and other alternative cryptocurrencies.
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The problem in paying with Bitcoin is that nobody will be interested in paying with an asset that will double in value in no time.
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Terra Protocol solves these issues. The core idea is that a cryptocurrency with elastic monetary policy will be able to provide for a stable price.
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Terra recently stated that they are thrilled to welcome investors old and new to the Terra vision.
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There are lot of USD stable coins already and TerraUSD is here because there has been a recent spike in stablecoin demand on DeFi and none of these already existing stable coins…
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TerraUSD is expected to be useful to many ecosystems and apps and eventually help DeFi finally scale.
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The monetary policy of a stable coin type should suit the reason for which the users are seeking to use the particular token.
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For clarity, TerraUSD is an algorithmic stablecoin and the cost of minting is equal to the face value of the stablecoins minted.
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