{"id":55125,"date":"2021-12-23T15:07:26","date_gmt":"2021-12-23T13:07:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=55125"},"modified":"2025-09-03T23:48:38","modified_gmt":"2025-09-03T20:48:38","slug":"near-token-jumps-50-after-terra-announces-stablecoin-integration","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/near-token-jumps-50-after-terra-announces-stablecoin-integration\/","title":{"rendered":"NEAR token jumps 50% after Terra announces stablecoin integration"},"content":{"rendered":"<p>The NEAR team announced the integration of the protocol <a href=\"https:\/\/u1f987.com\/en\/news\/algorithmic-stablecoins-how-alternatives-to-usdt-and-usdc-are-evolving\">algorithmic stablecoin<\/a> UST from Terra&#8217;s DeFi project. The platform&#8217;s token price rose by more than 50%.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce3 <a href=\"https:\/\/twitter.com\/terra_money?ref_src=twsrc%5Etfw\">@terra_money<\/a> is partnering with <a href=\"https:\/\/twitter.com\/NEARProtocol?ref_src=twsrc%5Etfw\">@NEARProtocol<\/a> and <a href=\"https:\/\/twitter.com\/auroraisnear?ref_src=twsrc%5Etfw\">@auroraisnear<\/a>!<\/p>\n<p>This integration is made possible through a partnership with leading protocols <a href=\"https:\/\/twitter.com\/NearPad?ref_src=twsrc%5Etfw\">@NearPad<\/a> and <a href=\"https:\/\/twitter.com\/RoseOnAurora?ref_src=twsrc%5Etfw\">@RoseOnAurora<\/a>. <\/p>\n<p>\ud83c\udf09 Users can bridge from Terra to Aurora via <a href=\"https:\/\/twitter.com\/Allbridge_io?ref_src=twsrc%5Etfw\">@Allbridge_io<\/a>.<\/p>\n<p>Learn more \ud83d\udd3d<a href=\"https:\/\/t.co\/jwHK1jqECy\">https:\/\/t.co\/jwHK1jqECy<\/a><\/p>\n<p>\u2014 NEAR Protocol (@NEARProtocol) <a href=\"https:\/\/twitter.com\/NEARProtocol\/status\/1473309739580895240?ref_src=twsrc%5Etfw\">December 21, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, the integration was made possible thanks to Terra&#8217;s partnerships with the DeFi projects NearPad and Rose on the Layer-2 network Aurora.<\/p>\n<p>The NearPad platform offers services for a decentralised exchange, a token-launch platform and an incubator. Rose is a crypto-lending service.<\/p>\n<p>The partnership is expected to provide users with new capabilities and to foster UST&#8217;s development in the NEAR and Aurora ecosystems.<\/p>\n<p>NearPad and Rose will launch incentive schemes to attract liquidity into UST.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cStablecoins like UST provide a simple interface for storing value and interacting with applications that need to use a stable unit of account,\u201d said NEAR co-founder Ilya Polosukhin.<\/p>\n<\/blockquote>\n<p>Since the announcement, the token&#8217;s price rose from around $8.8 to around $13.7 at the time of writing.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/G9SKOGD5zuL-Luuvp-WQwCi6ipKn8EAFZPgeneyF-fYb2zhwYXX_ByLk7bH-kZaHXcta5wzXIMeHkZhz3r5M7gXCzF-GBttnQIiEN6F42_-yt-1GW8PdFUuYLUNr1QNnfSPq4GI3\" alt=\"NEAR token rose 50% after Terra stablecoin integration announcement\"\/><figcaption>Hourly NEAR\/USD chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/NEARUSD\/?exchange=BINANCE\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In December, the volume of Terra ecosystem funds <a href=\"https:\/\/u1f987.com\/en\/news\/terra-defi-ecosystem-tvl-surpasses-18-billion\">exceeded $18 billion<\/a>. By this metric, the project trails Ethereum only.<\/p>\n<p>The algorithmic stablecoin UST, backed by the native token LUNA, is a key element of Terra. Over the last seven days, LUNA rose by almost 41% (<a href=\"https:\/\/www.coingecko.com\/en\">CoinGecko<\/a>).<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/tkZ1olvPcIzwtoVBnuzJwTNWs-xp8D8drvQC5w1A3b2F2DmFkQ4ixbqqaemmLz8juo52Djx_n_6xd9_231-Xl4Jzl--2ypXF-UHqgEaHOWAS0Bk-ZZPMD7nOEHBodYehJG67JRNm\" alt=\"NEAR token rose 50% after Terra stablecoin integration announcement\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>In November, the NEAR team <a href=\"https:\/\/u1f987.com\/en\/news\/near-protocol-activates-network-sharding\">activated network sharding<\/a>. The Simple Nightshade solution aims to be the first step toward a fully sharded and scalable blockchain.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEAR team announced the integration of Terra&#8217;s algorithmic stablecoin UST. The platform&#8217;s token price rose by more than 50%.<\/p>\n","protected":false},"author":1,"featured_media":55126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1216,807,852],"class_list":["post-55125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-near-cryptocurrency","tag-stablecoins","tag-terra"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=55125"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55125\/revisions"}],"predecessor-version":[{"id":55127,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/55125\/revisions\/55127"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/55126"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=55125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=55125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=55125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}