On today's CudosCast we talk with SJ Park from Terra. We cover his background in traditional finance and his leap into the world of DeFi. Technically we go into details on what a stablecoin is, why a stablecoin would be used instead of a fiat currency given that they are pegged to the same value and then we discuss several use cases for a stablecoin and so much more! We also announce our exciting partnership between Cudos and Terra and the reasoning behind it. Check out the full episode to hear more!

Show Notes:

[00:01:40] What is TerraForm Labs

[00:05:10] Stable coin definitions and why it is useful

[00:11:49] Example of use cases for Stable Coin

[00:14:18] what makes UST different from other stable coins

[00:17:51] Special Cudos Cast announcement on partnerships that is happening!

[00:18:26] Why build on the Cosmos SDK architecture

[00:19:57] Going into the tool used for the Cosmos Ecosystem

[00:24:25] Talking through IBC and what this means for Defi

[00:31:55] What the benefits are of a Terra and Cudos alignment

Links:

Website:https://www.cudoventures.com/

Twitter:https://twitter.com/cudoventures?lang=en

Instagram:https://www.instagram.com/cudoscast/

AMD:https://www.amd.com/en

Algorand:https://www.algorand.com/