Mapping out Terra's ecosystem

Quick Take

  • Founded in 2018 by Daniel Shin, Terra is a blockchain protocol that enables the usage of fiat-backed stablecoins for global payments
  • Aside from payments, Terraform Labs, the firm behind the development of Terra, is working on other financial solutions to bring decentralized finance (DeFi) to its ecosystem
  • In total, The Block has identified 80 projects and companies across 9 different verticals currently expanding on its ecosystem
Terra is a blockchain protocol that enables the usage of fiat-backed stablecoins for global payments. The project was founded in 2018 by Daniel Shin, the founder, and president of TicketMonster, a leading e-commerce company in South Korea, last valued at $1.7 billion. The network currently offers support for stablecoins pegged to the U.S. dollar, South […]

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