Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Tanimariya on March 17, 2021, 04:42:35 PM

Title: Anchor Launch Puts UST in the Stablecoin Race Against DAI
Post by: Tanimariya on March 17, 2021, 04:42:35 PM

An upstart stablecoin issuer out of South Korea is making a run at MakerDAO’s DAI (-0.07%), the fourth-largest cryptocurrency in this category.

Terraform Labs just launched Anchor, a long-awaited protocol for lending and saving that the Seoul-based firm expects to drive enough demand for its stablecoin, TerraUSD (UST), to top DAI’s circulation. Like DAI, UST maintains its peg to the U.S. dollar in a decentralized manner, but at $1 billion, its market capitalization is only about a third of its rival’s.
More

 (https://www.coindesk.com/anchor-launch-ust-stablecoin-dai-defi)

Title: Re: Anchor Launch Puts UST in the Stablecoin Race Against DAI
Post by: sergeybobrov on March 18, 2021, 07:24:16 PM

If you go from bitcoin or altcoins to stablecoins, then it is better to choose DAI, of course.  I think this is the most secure and decentralized stablecoin at the moment.

Title: Re: Anchor Launch Puts UST in the Stablecoin Race Against DAI
Post by: IyemRoker on March 21, 2021, 10:49:14 AM

The more stable coins in the cryptocurrency market, the better it is for everyone to compete to maintain their altcoisn or Bitcoin.
TerraUSD (UST) is a new stable coin, if the dev doesn't think badly then we better try to hold the token because usually TerraUSD (UST) for newly created cryptocurrencies always has a prize event.