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Terra (LUNA) increased by $195 billion by traded volume in 2022
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[QUOTE="Jasz, post: 241622, member: 61772"] Terra (Luna) is a cryptocurrency that is built on the Cosmos blockchain, which enables cross-chain transactions. Terra is a stablecoin, meaning it doesn't experience the volatility of other cryptocurrencies because its price is pegged to an asset (in this case, multiple currencies including the Korean won and Singapore dollar). This makes it an attractive option for merchants who accept payments in cryptocurrency. The project was founded by Daniel Shin, who also founded TicketMonster, a Korean e-commerce site. The project has received notable investments from prominent cryptocurrency investors including Polychain Capital, Binance Labs, and OKEx Ventures. When looking at stablecoins like Terra as an investment opportunity, it's important to understand how they work. A stablecoin's value isn't determined by supply and demand—rather, it is backed by assets such as fiat currency or commodities like gold or oil. For example, Tether tokens are almost backed by U.S. dollars held in reserve by the company behind them. The most successful stablecoins have reserves that exceed the market value of their tokens so they can weather drops in their value without having to sell assets at a loss. In order to maintain its price stability, every time there is an increase in demand for Terra (Luna), [/QUOTE]
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Terra (LUNA) increased by $195 billion by traded volume in 2022
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