Terra Protocol (LUNA) rallies 66% after DeFi and stablecoin launch By Cointelegraph

Terra Protocol (LUNA) is rallying 66% after launching DeFi and stablecoin

Throughout 2020 a handful of new stablecoins were launched and many analysts have suggested that stablecoin growth is the backbone of the crypto sector and partly responsible for the current rally.

For many traders, fixedcoins provide a safe place to shelter during volatile times in Bitcoin and altcoins but there are other ways to interact with these fiat-pegged assets.