USTC-TerraClassicUSDDetailed Description

USTC-TerraClassicUSD Detailed Description

TerraUSD is a scalable, profitable, cross-chain decentralized stablecoin. TerraUSD is an algorithmic stablecoin with a minting cost equal to the face value of the stablecoin being minted - in order to mint 1 TerraUSD, only $1 worth of reserve assets ($LUNA) need to be burned. TerraUSD's monetary policy is infinitely scalable - helping DeFi applications and protocols reach their full potential without limits.