I.  Project Introduction

TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. Its value is pegged 1:1 to the US dollar through the minting/burning mechanism of Luna tokens. To issue 1 TerraUSD, you need to burn 1 Luna reserve asset and to burn 1 TerraUSD, a dollar worth of Luna is minted. Terra achieves price stability by algorithmically adjusting its supply according to fluctuations in demand for its UST.

II.  Token Information

2.1 Token Basic Information

Token Name: UST

Tokens in Circulation: 9,497,360,307 (During listing)

III. Related Links 

Whitepaper: https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf
Website: https://terra.money/
Twitter: https://twitter.com/terra_money
Telegram: https://t.me/terra_announcements
Medium: https://medium.com/terra-money
Block Explorer: https://finder.terra.money/ 

Note: The project introduction comes from the materials published or provided by the official project team, which is for reference only and does not constitute investment advice. Some of the content may be out of date, error, or omission. Huobi does not take responsibility for any resulting direct or indirect losses.

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