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About TerraUSD (UST)
Store TerraUSD
Alert: We no longer support TerraUSD (UST). This asset is only available for withdrawals to an ERC-20 compatible external wallet.
Terra is a blockchain protocol built on the Tendermint — Cosmos SDK that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged coins, including UST, that are stabilized by its native crypto-asset, LUNA.
The Terra network has created a suite of stablecoins for decentralized finance (DeFi) and traditional finance (TraFi) platforms. For example, its infrastructure powers Mirror Protocol, a decentralized exchange built on Terra and Ethereum, and CHAI, a South Korean payment network that has amassed over 1.3 million users to date. Terra achieves price stability by algorithmically adjusting its supply according to fluctuations in demand for LUNA and its stablecoins.
Token
TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. Its value is pegged 1:1 to the US dollar, making it an ideal medium of exchange on DeFi and TraFi platforms. We support the Ethereum (ERC-20) version of UST, which is a multi-chain asset. UST purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of UST using a bridge. Gemini does not support or guarantee UST’s 1:1 peg to the US dollar.
Learn more about Terra on Cryptopedia:
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The pricing data and asset description above are for general informational purposes only and are not investment advice. Buying, selling, and trading cryptocurrency involves risks. You should consult with your own appropriately qualified and licensed advisors before engaging in any transaction on Gemini. Some data is provided by Messari, a third party that is not affiliated with Gemini.