Terra was built by Terraform Labs, a software development company based in South Korea which was incubated by a conglomerate of South Korean eCommerce companies known as the Terra Alliance.
Terraform Labs raised around 33 million dollars across various funding rounds in 2018, and the Terra main net went live in April 2019.
In a sentence, Terra is an ecosystem of decentralized stablecoin tokens which are collateralized by the LUNA coin, and the first Terra stablecoin was the KRW token for the Korean Won
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