DISCLAIMER: This is an opinion piece and in no way represents the opinion of the publication. Nothing in this article should be construed as financial advice. I am heavily invested in $LUNA, $UST, and the Terra ecosystem.
From the table we can see that there is $95 trillion in broad money supply (M2). But why would people swap their fiat for $UST? They need reasons.
Let's refer to that chart above again and look at the derivatives market.
$1 quadrillion.
Imagine if we could have derivatives on Terra to supercharge terra stablecoin demand. Well you don't have to imagine anymore because there are already a number of protocols launching soon!
Perpetual Futures
December 24th 2021
24 Retweets96 LikesOptions Trading
September 15th 2021
131 Retweets512 LikesDecember 12th 2021
11 Retweets16 LikesBesides derivatives, there's also the forex market. $6.6 trillion daily turnover. Yup, it's coming to Terra too:
December 22nd 2021
159 Retweets433 LikesIf derivatives and the FX market are not for you, worry not. Here’s a thread that I wrote on how you’ll be able to use $UST in the real-world.
December 22nd 2021
88 Retweets372 LikesThus ends my little thesis/rant on why we’re still early for $LUNA. NFA.
No better way to end this but with the words of Do:
December 22nd 2021
1,065 Retweets5,571 LikesFollow Me
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