Crypto exchange OKX launches spot trading markets for Terra’s UST with bitcoin (BTC), ether (ETH), and the native tokens of Avalanche (AVAX) and Solana (SOL).
BTCUSD down -0.78%, ETHUSD down -0.28%, SOLUSD up +1.22%, AVAXUSD down -3.90%
The company stated that they are listing BTC/UST, ETH/UST, SOL/UST, and AVAX/UST on the spot trading markets as they continue to develop the Terra platform.
According to the announcement, the trading pairs will be officially launched on April 1 at 6:00 UTC.
UST is one of two major tokens of the Terra ecosystem. The value of UST is pegged at 1:1 to the US dollar and is the biggest decentralized stablecoin in the crypto ecosystem with over $16B in market cap.
UST is popularly used to support the money market for lending and borrowing based on Terra. More than $8.79B in UST is restricted on Anchor.