Terra seeks to set itself apart through its use of fiat-pegged stablecoins, stating that it combines the borderless benefits of cryptocurrencies with the day-to-day price stability of fiat currencies . It keeps its one-to-one peg through an algorithm that automatically adjusts stablecoin supply based on its demand.
Read moreHow does Terra Luna make money?
Who made LUNA Coin? LUNA is the native token of Terra, a blockchain developed by the Korean firm Terraform Labs. A total of $32m was raised to fund this development through the private sale of LUNA Coin . Investments came from centralised sources including Binance, Huobi, and OKEx.
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