LUNA coin is used as a protocol token to reduce the volatility of the stablecoins on the Terra blockchain . It is part of a dual token system with terraUSD: To mint more TerraUSD, the equivalent value of LUNA must be burned. This maintains the stable price of terraUSD and gives LUNA its value.3 Mar 2022
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Terra (LUNA): A Stablecoin-Powered Payment Platform . Terra is a next-generation blockchain payment network interwoven with stablecoins and powered by its own LUNA coin.
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