Crypto

What Happened To Terra Luna Crypto?
Crypto, Investing

What Happened To Terra Luna Crypto?

What Happened To Terra Luna Crypto? If you're one of the many investors who haven't heard of Terra LUNA, then you've probably been wondering: What happened to it? The stablecoin was not backed by cash reserves, and so its price began to tumble. That's the end of the story for Terra LUNA, but investors can still learn from it. Terra's price has fallen over 95% since April, and investors are still scrambling to find the best deal. Terra LUNA is a stablecoin The reason that Terra uses stablecoins is to bring ForEx exchanges closer to their cash equivalents and to lower transaction fees. Merchants can accept payments in Terra for as little as 1% of the value of the purchase. They can also receive payments within six seconds, compared to the seven days required by credit card payments. This ...