The relationship of the cryptocurrency Luna with the Terra UST stablecoins:
The luna symbol is used in balancing the coins of the Tera network. When the demand for a particular stablecoin increases, let it be (UST) its price rises and therefore more coins are needed, so the network allows the luna holders to convert it to the dollar supported by it, and similarly when the demand decreases, the network allows the currency holders to convert its stable dollar to the luna currency and profit from it.
Low price luna coin:
During the past two days, the collapse of the encrypted “Luna” currency sparked a great interaction among the pioneers of social networking sites, after its price exceeded $ 82 two weeks ago, the currency fell yesterday morning, Thursday, May 26, 2022, to approximately $ 0.003.
The decline in the price of the Luna coin coincides with several developments related to the digital stablecoin Terra UST, whose value has deteriorated significantly recently. Analytics attribute the major losses of Luna to the correlation between Luna and the Terra stablecoin, users can get UST Terra by burning LUNA and vice versa, so investors can use the swap feature for UST and exchange it for LUNA.