Tienda Crypto has decided to implement the Terra blockchain to make deposits and withdrawals of LUNA and UST, a savings protocol that offers more performance and less volatility with returns of up to 19% per year in stablecoin, as it was announced in a press release to Cointelegraph Español by the Argentine exchange.
Federico Coldberg, CEO of Tienda Crypto pointed out that “Terra is one of the fastest growing alternative blockchains. That is clear from the protocols that are appearing on their chain along with their market capitalization. Its value has increased almost 20 times from a year to this part, but the most important thing is the exponential growth that its UST stablecoin had, reaching 13,000 million dollars.”
Argentina is one of the countries that have been evolving within the cryptocurrency ecosystem, considering itself as one of the countries with the most crypto investments in the world. Now with this LUNA option in Tienda Crypto, Argentine investors will have a savings option under a high yield and low volatility protocol.
The Terra blockchain has its native currency LUNA, through a burning and issuance system, thus maintaining the parity between UST and one dollar.
Although, the holders of the Luna token are in charge of maintaining this parity, when the currency appreciates against the dollar, these project shareholders have the possibility of issuing new UST in exchange for LUNA tokens for the value of 1 dollar.
“What we offer in Tienda Crypto is to facilitate users the complex operation to obtain UST, which is proof of stable deposit in the protocol, whose price constantly rises at the rate of the protocol that is currently 19%, you can also buy and sell whenever they want, in just seconds, in an extremely simple way, it is one of the safest, most stable investments with little risk on the market”, commented Federico Coldberg.
“Tienda Crypto is the only exchange in the country that decided to implement the Terra blockchain for LUNA and UST deposits and withdrawals in a simple way, with just a couple of clicks, and without the need to go through another exchange or a bridge”, full.