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

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