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Terra’s research report ‘UST Goes Interchain: Degen Strats, was published on January 6, Part Three, explains how the $139 million in UST and its native stablecoin LUNA will be used and on what platforms if the concept is accepted.Terra, a decentralized stablecoin issuer, has made an ambitious proposal to increase the interchain deployment of its UST stablecoin across five projects on Ethereum, Polygon, and Solana.Terra would deposit UST in quantities ranging from $250,000 to $50 million in each proposed deployment to strengthen the viability of each of the new partner projects. The main goal is to “bring great UST use-cases to Ethereum DeFi.”Later, governance participants will vote on whether or not to adopt the proposal.In a Dec,21 tweet, Terra creator Do Kwon stated his desire for UST to be the dominant stablecoin in the cryptocurrency industry. The distribution is intending to aid Terra’s increase in market capitalization.
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