What’s the buzz about Terra (Luna)?

  • In terms of market capitalization UST is currently the third-largest stablecoin.
  • The adoption of UST as a stable coin is vital to the Terra ecosystem’s development, indicating the strong link between the LUNA token and UST.
  • LUNA invests in UST, but loses money as the demand for UST grows.
  • Meanwhile, if UST is viewed as a volatile crypto coin, the value of LUNA may plummet.
  • As a result of the Wormhole hack, UST lost its peg, forcing the Terra LUNA worth to decrease briefly.

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