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What is Terra? UST and LUNA explained with Animations"Terra describes itself as a price-stable cryptocurrency aimed at mass adoption. As its scale grows, the team aims to have Terra evolve into a new financial. A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant. Terra is a blockchain protocol and payment platform used for algorithmic stablecoins. The project was created in by Terraform Labs.