Cointelegraph supports TerraUSD (UST) adoption at new heights in LUNA’s rise
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Stablecoins are part of the centralized crypto-sector and decentralized financial (DeFi) ecosystems that have emerged in recent years, as they provide the liquidity needed for traders to easily trade in different assets. They also serve as a refuge against strong declines 25% correction seen on December 3rd.
A project with a Stablecoin component, despite a broader market downturn with a higher price increase (LUNA), is a multi-sector blockchain protocol aimed at building a global payment system through a fiat-pegged one. A stable currency called TerraUSD (UST).
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