What currency is Luna?

Genel

Terra (LUNA) is a comprehensive payments network on the blockchain . The platform hosts a variety of stablecoins, each pegged to different fiat currencies. The LUNA token is used as collaterals for these stablecoins and also fuels the network.

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What does Luna coin do?

Genel

While Terra’s stablecoins ensure seamless transactions and the stability of fiat currencies, the Terra crypto network uses its native LUNA currency as a utility and governance coin to operate the collateralizing mechanisms that back and secure the price stability of the Terra network’s stablecoins .

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