Cryptocurrency spot and derivatives trading exchange OKX has added UST trading pairs for Bitcoin, Ethereum, Solana, and Avalanche.
The exchange says that BTC/UST, ETH/UST/SOL/UST, and AVAX/UST are available on spot trading markets as a step to advance the Terra ecosystem.
The accompanying statement notes that the pairs will go live from April 1 at 6:00 UTC.
UST is the second token in Terra’s blockchain after LUNA, pegged at a 1:1 ratio to the US dollar. The token is the biggest decentralized stablecoin in the crypto ecosystem, with a market capitalization of $16 billion.
UST stablecoin is mainly used on Anchor, a money market for lending and borrowing that is based on Terra. The platform has more than $8.79 billion UST in reserves.
Source: OKX
