Terra was a blockchain protocol designed to power price-stable global payments and decentralized finance applications through algorithmic stablecoins. The ecosystem featured Terra USD (UST), an algorithmic stablecoin, and Luna, the native token used for governance and stability mechanisms. Founded by Do Kwon and Daniel Shin, Terra aimed to create a decentralized financial system with stable digital currencies. However, the Terra ecosystem collapsed in May 2022 when UST lost its peg to the dollar, leading to massive losses and the project's effective shutdown.
Terra has received investment from 2 venture capital firms.
Blockchain protocol for algorithmic stablecoins and decentralized finance applications.
Terra has received investment from AU21 Capital, Hashed. These venture capital firms and investors provide both capital and strategic support.
Terra has raised $57M in total funding, with their most recent round being a Series B. The company operates in the Web3 sector.
Terra was founded in 2018 and is headquartered in Singapore.
Terra operates in the Web3 sector. Blockchain protocol for algorithmic stablecoins and decentralized finance applications.
