TerraUSD (UST) circulating supply history up until July 7, 2022
Over two billion new TerraUSD (UST) token were created in March 2022, further increasing the coin's total supply. Only in November 2021 did the stablecoin from the Terra blockchain see that high of an increase. TerraUSD, much like other stablecoins such as Tether, is pegged to the U.S. dollar. Where it differs, however, is that it uses a built-in mechanism that automatically destroys the supply of a secondary cryptocurrency, LUNA, to ensure its stability. Indeed, whilst the supply of TerraUSD grows, the circulating supply of LUNA often declines.
