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TerraUSD (UST): Should you Invest?

TerraUSD coin (UST) is one of the top 75 most popular cryptocurrencies currently. In terms of market cap, it is currently the 60th largest digital currency (over US$2.88 billion in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the TerraUSD coin, how it works, and many more.

What Is TerraUSD Coin (UST)?

TerraUSD (UST), the Terra blockchain’s decentralized and algorithmic stablecoi, is a sclable and yield yielding token (yield farming) that has been value pegged to the US Dollar. It was developed to create value for the Terra ecosystem. TerraUSD also does away with the severe scalability problems faced by other stablecoin leaders such as Dai. With this, the platform provides a scalable solution for DeFi.

This protocol promises users with a:

  • higher level of scalability
  • interest rate accuracy
  • interchain usage

It stands out as a stablecoin competitor because of the many benefits it offers, such as:

  • The requirements of DeFi protocols are met due to the minting mechanism of UST. Therefore, no scalability is lost by it.
  • Ease of adding to cryptocurrency wallets. You can achieve this by integrating TerraUSD simply as a payment method.
  • dApps (DeFi apps) power is yet another area where TerraUSD has proved its mettle. UST is used as a pricing benchmark by platforms that track real-life asset prices and, at the same time, mint fungible synthetic assets.

It is known as one of the most scalable stablecoins currently. You can use UST:

  • Either as a Terra Stablecoin
  • Or in conjunction with the non-stablecoin crypto of Terra (LUNA).

While the Terra project was founded by Do Kwon and Daniel Shin in 2019, the stablecoin TerraUSD (UST) was launched on Bittrex Global in September 2020. Terraform Labs (a subsidiary of Terra Alliance) has created TerraUSD on its own Terra blockchain. Currently, Do Kwon is Terraform Labs’ CEO.

The 4 important aspects that make TerraUSD UST unique are:

  1. Enhanced Scalability
  2. Easy Exchange
  3. Passive income potential (yield farming)
  4. Interoperability (interchain stablecoin)

TerraUSD is preferred by users and investors over other similar stable coins because UST is the first ever decentralized stablecoin that offers:

  • Interest earnings
  • Incredible scalability
  • Easier interchain movement

TerraUSD coin (UST): Facts & Figures

All these facts and figures (as of November 8, 2021) will help you to make a decision on investing in TerraUSD coin. Before making TerraUSD UST coin transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • TerraUSD UST Price: US$1.00 (Current TerraUSD Price)
  • 24hour Trading Volume (24h Volume): US$95,188,661
  • All-Time High (ATH) Price: US$1.05 (reached on Jan 30, 2021)
  • All Time Low (ATL) Price: US$0.7929 (reached on Dec 30, 2020)
  • 24h Low: US$1.00
  • 7d Low: US$0.9999
  • 30d Low: US$0.9961
  • 90d Low: US$0.956
  • YTD (Year-To-Date) Return: 0.07% YTD (Year-To-Date)
  • Market Cap: US$2,877,851,965 (US$2.88 billion)
  • Crypto Rank (in terms of market cap): 60th in the crypto market
  • Fully Diluted Market Cap: US$2,878,912,201
  • Max Supply: ---
  • Total Supply: 2,871,884,770
  • Circulating Supply: 2.87 Billion UST

These are the facts that made the TerraUSD coin a preferred medium of exchange. Always check out market data and technical analysis before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins and how to earn crypto easily.

How Is the TerraUSD Stablecoin Network Secured?

The price of UST is pegged to the US dollar price. Terra (LUNA) secures this stablecoin. UST’s stability and security are provided through the seigniorage process (receiving income from an emission of money), where LUNA acts as an asset reserve.

As TerraUSD (UST) stablecoin has been built on the Terra blockchain, burning LUNA tokens facilitate UST creation. The short term volatility in demand for Terra is absorbed through a proof of stake (PoS) consensus of the miners. In this way, the miners also participate in providing stability (price stabilization) and security to Terra.

More and more investors are investing in TerraUSD (UST) stablecoin because it provides stable rewards in all economic conditions. Those who protect and build the network also get compensated by TerraUSD.

Where can you Buy UST Tokens?

You can buy TerraUSD coin in almost all reputed cryptocurrency exchanges including:

  • KuCoin
  • Uniswap (V2)
  • Bittrex
  • Bitfinex
  • Gate.io
  • PancakeSwap (V2)
  • Sushiswap
  • Terraswap
  • 1inch Exchange
  • MEXC
  • OpenOcean
  • DODO BSC, and many more.

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange.

The most popular TerraUSD coin price pairs of UST are:

  • UST/USDT
  • UST/USD
  • UST/EUR, and many more.

Before investing, check out historical data of the token TerraUSD coin, fundamental analysis, crypto news, TerraUSD coin price charts, price performance, market updates, UST to USD (United States Dollar) exchange rate, TerraUSD price history, TerraUSD speed, file sharing, TerraUSD price prediction and price forecast, and others.

What are the Best Crypto Wallets to Store TerraUSD coin Coins?

The best TerraUSD coin wallets to store UST coins are:

  1. MetaMask
  2. imToken
  3. Coinbase
  4. Trust Wallet
  5. HyperPay
  6. SafePal
  7. Coin98
  8. XDEFI Wallet

Invest in TerraUSD coin and Other Cryptocurrencies

You can buy and sell TerraUSD coin and other virtual currencies (including Cardano price) against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile apps, and TerraUSD coin markets. Use the Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility.

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit.

You can also diversify your crypto coin portfolio by including other digital assets such as UST, XMR, FIL, ETC, WBTC, BCH, BTC, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Gold (also called Bit Gold), Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return.

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