Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols


On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi).

Terra Research Proposes to Expand Terrausd’s Reach Across 5 Protocols

At the time of writing, Terra’s terrausd (UST) stablecoin is the fourth-largest U.S. dollar-pegged token among all the stablecoins in existence. It is also the largest decentralized algorithmic dollar-pegged coin with $10.4 million in UST in circulation today. Furthermore, the stablecoin’s market capitalization has increased 21.4% during the last 30 days. Now the team behind the Terra network wants to increase the stablecoin’s

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