Type of Stable Coin: Algorithmic Who’s behind the project: Terraform Labs is behind the Terra blockchain, UST stable coin, and the LUNA token. Also the creators of Mirror Protocol and Anchor Reserve / Peg Mechanism: UST uses a seigniorage mechanism to maintain it’s peg, relying on arbitrage participants to keep the peg balanced, this is accomplished by using a two token system, LUNA and UST. Luna is the native token for the Terra Blockchain and absorbs the volatility of the expansion and cont...