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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What is Wrapped Luna (WLUNA)? Wrapped Luna (WLUNA) is an Ethereum token that’s intended to represent Terra (LUNA) on the Ethereum blockchain .
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