LUNA is the native token of the Terra blockchain platform, which aims to create a stable global digital currency. Terra supports a family of stablecoins pegged to various fiat currencies, including the TerraSDR, TerraUSD, and TerraKRW. LUNA plays a vital role in the Terra ecosystem. It is used as collateral to stabilize the value of the Terra stablecoins, ensuring their peg to the respective fiat currencies. Additionally, LUNA holders can participate in on-chain governance, influencing decisions related to the stability and development of the Terra platform. The Terra platform has gained attention for its stablecoin ecosystem and its potential to provide a reliable and scalable solution for global digital payments.