Terra was a blockchain ecosystem established in 2018 by Terraform Labs to support a network of algorithmic stablecoins, primarily TerraUSD (UST) and its companion token LUNA. Unlike traditional stablecoins, this system relied on a mint-and-burn mechanism to maintain its value through market arbitrage rather than fiat reserves. This experimental financial structure collapsed spectacularly in May 2022, resulting in a $45 billion market loss and the eventual bankruptcy of the developing firm. Following the crash, co-founder Do Kwon faced international criminal charges and was ultimately sentenced to prison for securities fraud. Regulatory bodies like the SEC have since penalized associated entities, ...