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TerraUSD (ERC-20) (UST)UST
TerraUSD (ERC-20) (UST)
UST Price
Market Cap (24H)
Volume (24H)
Circulating Supply
Transp. Vol.
TerraUSD (ERC-20) logo
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Verify address w/ multiple resources & DYOR
Terra USD is a decentralized stablecoin issued by the platform Terra.Money. This is a price-stable digital asset that p...Read more

TerraUSD (ERC-20) Price (UST)

UST Daily Performance

Today's TerraUSD (ERC-20) price is $0.02115, which is up 1% over the last 24 hours. TerraUSD (ERC-20)'s market cap is unknown. 24 hour UST volume is $366.37. It has a market cap rank of 7773. TerraUSD (ERC-20) is traded on exchanges. TerraUSD (ERC-20) had an all-time high of $1.0139 about 1 year ago. Over the last day, TerraUSD (ERC-20) has had 0% transparent volume and has been trading on 13 active markets with its highest volume trading pairs being .

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TerraUSD (ERC-20) Statistics

TerraUSD (ERC-20) Price (24hr)$0.02115 (+0.99%)
Market Cap
Trading Volume (24hr)$366 (-80.67%)
Transparent Vol. (24hr)
Transparency GradeUnknown
Circulating SupplyUnknown
All-Time High
7D Price Prediction


Price Change
$0.000207 (0.99%)

All-Time High

Date of ATH
Days Since ATH
% of ATH2.09%
Price vs ATH

About TerraUSD (ERC-20)

Terra USD is a decentralized stablecoin issued by the platform Terra.Money. This is a price-stable digital asset that powers the next-generation payment network. Assembling an alliance of e-commerce platforms, Terra has over 45 million users at the time of writing.

The project was developed by Terraform Labs, a Singapore-based company. It offered a cryptocurrency-related technology that is gaining in popularity with merchants and users in South Korea. The technology helps to shorten the settlement time from days to six seconds. At the time of writing, Terraform’s payment rails execute over 90,000 transactions every day. The consumers may not be even aware of the fact that blockchain and stablecoins are involved when they buy things online or at the local shops. The team of developers announced their plans to implement an interchain solution for the major blockchains and they plan to do it with Solana and Ethereum.

Terra platform

The Terra platform is governed by the Tendermint consensus that is fulfilled by more than 100 validators, which secure the stable work of the blockchain with their bonded Luna stakes. Thanks to the efforts of blockchain validators the platform can process hundreds of transactions per second.

Terra launched TerraSwap in November 2020. This is an automatic market maker and a decentralized exchange that was developed by Terra validator Delight Labs. It opened new possibilities for DeFi apps built on the Terra blockchain. Terra’s financial infrastructure is powered by several stablecoins pegged to major fiat money. The mathematical algorithm is used for the stability of the ecosystem.

A Terra Community Console was added to the ecosystem, which is a real-time metrics dashboard for the Terra blockchain. It employs engaging visuals reflecting essential onchain data points to help traders to see a comprehensive picture.

The products include Station Extension that is a browser extension for access to the Terra ecosystem and blockchain. It performs the same function as Metamask for Ethereum. The blockchain became mobile-friendly with the addition of the mobile app Station Mobile, which is a multi-featured blockchain wallet giving customers access to the dashboard with swaps, staking, and other things.

The platform has its own knowledge base that is known as the Engineering Bay. It includes the library of standardized smart contracts, guidelines, testing frameworks, and tons of useful tools for developers.

In December 2020, Terra launched its Mirror Protocol, which is a synthetic asset platform that allows tracking, issuing and trading of real-world assets via Mirrored Assets also called mAssets. They are tied to real-world assets mirroring their exchange prices, on-chain. The protocol expands the adoption of UST by means of minting and swapping mAssets on Terra.

Terra technologies

Smart contracts used by the exchange are supported by WebAssembly providing safety and portability to their execution. The software is known for its compactness and optimization possibility that makes it perfect for the cross-chain operation of the blockchain.

With Columbus-3 and Columbus-4 mainnet upgrades, the company wants to bring extensive smart contract functionality to the platform. Columbus-4 enables the members of the community to create and upload smart contracts on the blockchain providing transparency to fully decentralized agents. In this way, the developers are able to work over their decentralized apps taking advantage of the Terra blockchain that include such features as oracle prices, on-chain swaps, and native stablecoins. Columbus-4 allows using various features on the blockchain. With its help, the developers plan to add a mint module and a message authorization module.

The technologies used by the exchange also include the development framework Houston that was created for CosmWasm smart contracts. The framework delivers many interesting features including network management for deployment of numerous public and private networks.

Terra develops interoperability of the Terra ecosystem with Axelar, the decentralized protocol that breaks down barriers between the chains using its protocol suite. The integration with Terra enables users to bridge the assets issued by the native platform right from their wallets. In partnership with the open-source platform Hummingbot, a custom arbitrage bot for the execution was created. It enables the execution of arbitrage trades between TerraSwap and other centralized and decentralized platforms. Working with Velo Labs, the platform tries to power an advanced payment system via the integration with the Velo Protocol. The goal is to extend blockchain technology to crossbody payments in the Asian region and to develop synergistic blockchain payment solutions to cater to the needs of companies including small and medium-sized businesses.

Terra USD

Comparing their product with other stablecoins, the developers are sure that there is no coin in the market which is scalable enough to fit all blockchain ecosystems. They assert that Terra USD is the first stablecoin of this type. Among other characteristics that add value to the asset are its interchain and yield bearing features. Even DAI, which is one of the most popular decentralized stablecoins on Ethereum, has some serious issues with scaling. It is caused by supply-demand mismatch in the monetary policy of stablecoins when minting expenditures surpass the value of digital asset minted.

Contrary to the stablecoins on Ethereum with their scalability problem, Terra USD features infinite scalability. This is an algorithmic stablecoin. It is required to burn 1 USD worth of LUNA token to mint 1 TerraUSD. The scalability of Terra USD monetary policy can reveal the potential of DeFi apps and protocols. It’s worth noting that stablecoin has its Korean sibling that functions successfully. It is a rather popular payment solution in Asia that expanded to e-commerce checkouts.

The startup raised over 100 million USD in total. The goal of the company is to spend these funds for the expansion in the Asian region, for instance, into Thailand and Taiwan, and to develop new services on the platform. The round co-led by Mike Novogratz and his Galaxy Digital also attracted funds from Coinbase Ventures and Pantera Digital.

Terra team

Co-founder and CEO Do Kwon was the founder and CEO of Anify Inc, the company working on peer-to-peer connectivity solutions using mesh network technology for scalability, accessibility, and security of telecommunications. In 2015, he graduated from Stanford University with a Bachelor's Degree in Computer Science.

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TerraUSD (ERC-20) Markets

(Top 10)

TerraUSD (ERC-20) Historical Data

(Past 7 Days)

Frequently Asked Questions

  • What’s the current TerraUSD (ERC-20) price? How much is 1 TerraUSD (ERC-20) worth?

    The price of 1 TerraUSD (ERC-20) is $0.02115. Over the last 24 hours, a TerraUSD (ERC-20) is worth 0.99% more. Visit our currency converter page to convert UST prices to currencies other than USD.
  • When did TerraUSD (ERC-20) start?

    The earliest trading data for TerraUSD (ERC-20) is on October of 2021 (based on current exchange data).
  • How high can the TerraUSD (ERC-20) price go?

    TerraUSD (ERC-20)’s price has gone as high as $1.0139 (which is UST’s all-time high). It achieved this price about 1 year ago. Speculations abound for how high TerraUSD (ERC-20)’s price will get in the future.
  • What's the smart contract address for TerraUSD (ERC-20)?

    TerraUSD (ERC-20)'s smart contract address is 0xa47c8bf37f92abed4a126bda807a7b7498661acd.

Today's UST / TerraUSD (ERC-20) News for December 1, 2022


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