Terra's price today is $0.41 USD, with a 24-hour trading volume of $43,583,177 USD. LUNA
is up 6.69% in the last 24 hours. Terra is currently ranked #179 with a
market capitalization of $158,905,432 USD.
The Terra project is built to be a stablecoin that can be used commercially and develop functional ecosystems amid the explosion of blockchain and DeFi projects. It isn't limited to a single currency and can operate with many fiat currencies.
Terra functions as decentralized stablecoins that can contract and expand the supply chain to maintain a stable unit price. With a superior capacity over fiat currencies, Terra operates under decentralized protection, eliminating the risk of errors and price attacks.
As a blockchain project for e-commerce, Terra's initial objective was to solve the use case for a cryptocurrency. Unfortunately, the lack of real-world use cases is one of the roadblocks to driving blockchain applications to mass adoption by mainstream users.
Terra can also create many stablecoins that form the international payment network. Like many other tokens, LUNA can also be used as a means of payment with anyone who will accept it as a store of value.