TerraUSD (UST)
Rank #27
$1.00
Since the first day of our Pre-ICO, we have received questions about what TERRA is. This document aims to answer those questions, as well as give some context on how TERRA works.
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TERRAUSD (UST) is a cryptocurrency that shares its history with Tether Holdings Limited's fiat holdings in order to provide auditable and trusted USt tokens. UST holders benefit from price stability due to Tether Holdings' lack of significant volatility against "the world's most popular" fiat currencies: USD, EUR and GBP. Additionally the stability provided by UST reduces reliance on third-party audits and quantitative models for providing trustworthiness to the system; putting full trust into Tether.to's transparency by sharing data with its token holders.
TERRA is the blockchain layer for UST, providing auditability of transactions through a cryptographic public ledger while maintaining compatibility with global exchanges. We believe the USDollar protocol enhances not only Tether Holdings' business objectives but also opens new opportunity to benefit traders on exchanges that support it. With this in mind, we are working closely with larger exchanges which have committed to integrating our APIs for automated price discovery and liquidity provision. Through these partnerships, TERRA aims to provide more efficient priced cryptocurrency derivatives within an increasing number of exchange platforms worldwide.
This was a story about the currency called UST (aka TUSD) and their currency called TERRA (aka TRC). This currency is used for many things, but in this case we were talking about how it works with exchanges to provide auditable and trusted currency within an increasing number of exchange platforms worldwide.
UST holders benefit from price stability due to Tether Holdings' lack of significant volatility against "the world's most popular" fiat currencies: USD, EUR and GBP. Additionally the stability provided by UST reduces reliance on third-party audits and quantitative models for providing trustworthiness to the system; putting full trust into Tether.to's transparency by sharing data with its token holders.
