Terra is a blockchain platform that envisions creating digital payment systems powered by currencies that are stable like fiat currencies but have the security and speed of cryptocurrencies. Terra takes the concept of stablecoins a step further by allowing the creation of a family of stablecoins that are pegged to many major fiat currencies instead of just the U.S. dollar.

It keeps the price of its currencies stable by adjusting the total supply depending on their demand. The nodes on Terra need to stake the platform’s native currency LUNA to approve Terra transactions. LUNA also plays a pivotal role in maintaining the price stability of the Terra stablecoins. To Buy LUNA in Australia, sign up for a free trading account. Using bank transfer, OSKO, POLi, PayID or your credit/debit card, deposit AUD into your trading account, select the amount of LUNA you would like to purchase and click ‘Buy LUNA.’