UST, the Terra ecosystem stablecoin that is having so much acceptance, can now be traded on the OKX exchange with the main pairs.
OKX Starts to Offer Bitcoin, Ether Trading Pairs Against Terra’s UST
Spot trading for Solana’s SOL and Avalanche’s AVAX tokens against UST stablecoins would also be launched.
Crypto exchange OKX has started offering trading pairs for Terra’s UST with bitcoin (BTC), ether (ETH), and the native tokens of Solana (SOL) and Avalanche (AVAX).
“OKX is pleased to announce the listing of BTC/UST, ETH/UST, SOL/UST, AVAX/UST on our spot trading markets as we continue to support the development of the Terra ecosystem,” the exchange said in a statement on Friday
The trading pairs will go live on Apr. 1 at 6:00 UTC, as per the statement.
UST, alongside LUNA, is one of the two tokens of the Terra ecosystem. UST’s value is pegged at 1:1 to the U.S. dollar and is the largest decentralized stablecoin in the crypto ecosystem with a market capitalization of $16 billion.
UST is most-widely used on Anchor, a money market for lending and borrowing built on Terra. Over $8.79 billion in UST is locked on Anchor, according to data from tracking tools .