What is Terra USD crypto?

TerraUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00 . Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD’s reserve asset (LUNA) must be burned. Resources. 

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How much is UST worth?

UST Price Statistics TerraUSD Price$0.9993Price Change24h-$0.002467 0.25%24h Low / 24h High$0.9989 / $1.00Trading Volume24h$444,557,044.18 25.63%Volume / Market Cap0.02778TerraUSD price today, UST to USD live, marketcap and chart coinmarketcap.com › currencies › terrausd

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Is ust the same as Usdt?

Terra’s UST is now the biggest decentralized stablecoin, and it is no better than Tether . Minting unbacked stablecoins while hoping that there won’t be a big influx of withdrawals—that’s the financial model of the biggest centralized stablecoin, $77 billion valued Tether’s USDT.

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