Express

Korean Stablecoin Used By Stores Sees Gigantic Spike In Volume

Roland James

Summary: Terra, the Korean stablecoin, saw a gigantic volume spike Monday as it rose 280% from the previous day, and since Terra sells itself as a payment system, this may hint at a growing acceptance of cryptocurrency as money. Terra just released their whitepaper in April of this year but has made great strides in pushing ...

Terra, the Korean stablecoin, saw a gigantic volume spike Monday as it rose 280% from the previous day, and since Terra sells itself as a payment system, this may hint at a growing acceptance of cryptocurrency as money.

Terra just released their whitepaper in April of this year but has made great strides in pushing the narrative of cryptocurrency as usable money. A few weeks ago, Terra made a deal with Koreas largest convenience store CU to accept cryptocurrency as payment via Terra's Chai app.

By Roland James

Last Update:

Tags: ,,
Link: Korean Stablecoin Used By Stores Sees Gigantic Spike In Volume   [Copy]
Next:

Related Articles

  • BitFuFu’s VP on Mining Leadership, Corporate Crypto Treasuries, the Stablecoin Act, and... 1 day ago
  • BTC Weekly Outlook: A Bullish Week, but Signs Point to a Shift to Defensive Play 2 days ago
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 13 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 15 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 16 days ago

    • You need to login to comment.