DeFi Traders Push Terra’s UST Stablecoin and has been rapidly gaining momentum, recently reaching a market cap of $10 billion.
Terra’s growth is attributed to the growing number of stablecoins and Defi traders looking for more stable and predictable returns.
The clear benefits of using a stable coin as an investment are not just in its stability, but also in the dramatically lower volatility rates.
The benefits for using a stable coin as an investment: low-risk and lower volatility rates.
As recently as the beginning of 2021, the market capitalization was under $200 million. According to CoinGecko, the UST market cap pushed past $10 billion on Sunday.