# Anchor Launch Puts UST In The Stablecoin Race Against DAI By Coinness Canonical URL: https://www.tokenpost.com/news/investing/7501 Published: 2021-03-17T09:17:03.000Z Updated: 2021-03-17T09:17:03.000Z Section: Investing > Terraform Labs just launched Anchor, a long-awaited protocol for lending and saving that the Seoul-based firm expects to drive enough demand for its stablecoin, TerraUSD (UST), to top DAI’s circulation. Like DAI, UST … Terraform Labs just launched Anchor, a long-awaited protocol for lending and saving that the Seoul-based firm expects to drive enough demand for its stablecoin, TerraUSD (UST), to top DAI’s circulation. Like DAI, UST maintains its peg to the U.S. dollar in a decentralized manner, but at $1 billion, its market capitalization is only about a third of its rival’s. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)