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What is Terra (LUNA)?

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Terra (LUNA) is a blockchain platform that aims to create a stablecoin ecosystem by pegging its stablecoins to different fiat currencies. LUNA is the native token of the Terra blockchain and is used for governance and stabilizing the price of stablecoins within the network.
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Terra (LUNA) is a blockchain platform that uses a stablecoin called TerraUSD (UST) to power a range of decentralized applications and protocols. It aims to create a price-stable cryptocurrency that can be used for everyday transactions and financial purposes. LUNA is the native cryptocurrency of the Terra blockchain and plays a key role in stabilizing the value of TerraUSD by algorithmically adjusting the supply based on demand.

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