OKX Adds UST Trading Pairs for Bitcoin, Ether, Solana, and Avalanche

OKX Adds UST Trading Pairs

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

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