Quick Take
Founded in 2018 by Daniel Shin, Terra is a blockchain protocol that enables the usage of fiat-backed stablecoins for global payments
Aside from payments, Terraform Labs, the firm behind the development of Terra, is working on other financial solutions to bring decentralized finance (DeFi) to its ecosystem
In total, The Block has identified 80 projects and companies across 9 different verticals currently expanding on its ecosystem
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