# Terra (LUNA)

By [Untitled](https://paragraph.com/@0xc2e12ec0570818e1bdcaafee5a83a4f7cd74204e) · 2023-04-12

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1.  A Stablecoin Platform Terra is a decentralized stablecoin platform designed to provide a stable alternative to volatile cryptocurrencies. It uses a delegated proof-of-stake (DPoS) consensus mechanism to achieve scalability and security. Terra's stablecoins are pegged to different fiat currencies and are designed to maintain a stable value. Terra's native cryptocurrency is LUNA, which is used for transactions and staking. Terra has gained popularity among users who want to use stablecoins for transactions or as a store of value.
    

[https://opensea.io/assets/ethereum/0x86100d14b3810ffF6884bD5DD465BDe2d90A9eC1/1](https://opensea.io/assets/ethereum/0x86100d14b3810ffF6884bD5DD465BDe2d90A9eC1/1)

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*Originally published on [Untitled](https://paragraph.com/@0xc2e12ec0570818e1bdcaafee5a83a4f7cd74204e/terra-luna)*