​​Terra’s Stablecoin UST On Course To Overtake Meme King Dogec | Global CRYPTO News

​​Terra’s Stablecoin UST On Course To Overtake Meme King Dogecoin As LUNA Accelerates

Terra's algorithmic stablecoin TerraUSD, otherwise known as UST, has become the third-biggest stablecoin by market capitalization after usurping Binance USD. At the current market value, UST is close to overtaking the market's largest meme-inspired cryptocurrency, Dogecoin.

The Luna Foundation Guard, a Singapore-based non-profit organization supporting the Terra network, has recently shifted toward backing its stablecoin with Bitcoin instead - which is more liquid, and has a more established market than LUNA. Terra Is This Year's Version Of Corporate Bitcoin Buying.