TerraClassicUSD USD

Over TerraUSD

TerraUSD is the first decentralized stablecoin that is scalable, yield bearing and interchain. TerraUSD is an algorithmic coin, where the cost of minting is equal to the face value of the stablecoins minted — in order to mint 1 TerraUSD, $1 worth of the reserve asset ($LUNA) must be burned.