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Is Terra (Luna) a stablecoin?

Terra (LUNA) is supported by many crypto exchanges and platforms. Stablecoins can turn out to be a failure. Besides LUNA, Terra has many other special projects, like UST, Mirror, Anchor, Terraswap and Chai. Terra's stablecoin can be risky as regulators are opposing other stablecoins.

What is Terra cryptocurrency?

Terra is one of the two main cryptocurrency tokens under this protocol, the other one being Luna. Terra stablecoins track the price of fiat currencies like the U.S. dollar and euro, while Luna is used for blockchain governance.

What is Terra 2.0 (Luna)?

Terra (LUNA) is a public blockchain protocol that emerged from Terra Classic. Terra Classic is home to the algorithmic stablecoin TerraClassicUSD (UST). It's now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022.

What is Luna (Luna)?

LUNA is a cryptocurrency coin based on the Terra blockchain, which makes it possible to create and exchange digital assets. LUNA is a native token of the Terra blockchain that's used to pay transaction fees and reward other users for participating in the network. LUNA can be used to buy goods and services from businesses that accept such coins.

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