Terra Luna breaks All Time High

Luna @ $86

Terra Luna just made a new All Time High now might be a good opportunity to catch up on what it is if you haven't yet.

Development on the Terra Network began in 2018, the mainnet launched soon after in 2019

Terra Luna is a native token of the Terra Network, it issues the stable coin UST and it's supply is maintained by the burning/minting of Luna tokens.

Terraform Lab's plan is to handover the network's governance to the community by putting a DAO in charge after the network's construction is complete.

Additionally, Luna also acts as a governance token for the network.

Since technically UST is not backed by anything, it gives an edge for the network against regulators in legal terms.

You can ways turn your Luna tokens into UST and vice versa based on Luna's market value during the exchange, I think UST and LUNA have a big future due to regulatory uncertainty for other stablecoins worldwide.