Terra is a blockchain protocol that uses stablecoins pegged to fiat currencies to power a price-stable global payment system. Terra stablecoin offers instant settlement, low fees and seamless cross-border transactions - loved by millions of users and merchants. Terra aims to make its stablecoin available to every developer on every blockchain. Lives on Ethereum and Solana right now and will be there soon. Terra was founded in January 2018 by Daniel Shin and Do Kwon. LUNA is the native token on Terra and is used to stabilize the price of the protocol's stablecoins. LUNA holders can also submit and vote on governance proposals, making them function as governance tokens.