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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

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