The Cryptocurrency that will Fulfill its Potential in the Mass Market
Since my last post, I decided to try to understand more about Cryptocurrency. So I went on to ask my friend, whom is definitely more knowledge in the field of Cryptocurrency than me, a question that has always been on my mind:
"Which is the cryptocurrency that will fulfill its potential in the mass market?"
He went on to write a whole article on this and I decided to share it on my blog.
Do note that I know cryptocurrency is a subjective topic and depending on how one interpret this question, everyone will probably has a different choice and different opinion.
Thus, I will suggest that everyone reads with an open mind. I read twice in order to understand it.
Guest Post: The Decentralised Stablecoin, UST.
No one uses Bitcoin, Ethereum or Solana to pay for things. But people do use stablecoins like USDC & USDT to pay for things. Let’s discuss a stablecoin that’s aiming to become the best.
$UST, Terra USD is project that aims to build a better stablecoin, or a better US Dollar. The governance token LUNA is paired with UST and is frequently discussed together. UST is an algorithmic stablecoin, pegged to $1 USD, through a variety of mechanisms between it and LUNA. Its algorithmic and decentralized nature means it is controlled by the decentralized group of LUNA hodlers, instead of a centralized authority like the US’s FED.
Both UST & Luna were both created by the Terra Foundation, UST being the stablecoin pegged to the USD, while Luna being the governance token that controls the Terra Network. Both tokens are available on the Terra network and can be used in protocols like Anchor Protocol using the Terra Station wallet.
Centralised Control Over Stablecoins