Blockchain Insider Podcast by 11:FS cover image

160. News: Big week for stablecoins - Terra’s UST flips BUSD and Circle's new raise

Blockchain Insider Podcast by 11:FS

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Terra's Us D T, Flipping Over the Binane to Be the Third Largest Stable Coin

terra's us t, has become the third largest stable coin in the market. Its minting mechanism requires a user to burn a reserve asset such as lunar on again. The total market cap surged 15 % over the past 30 days and is now 17 point five billion at the time of writing.

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