The cryptocurrency exchange FTX has added support for Terra’s algorithmic stablecoin UST.
FTX now supports native Terra UST!@terra_money #Terra $UST pic.twitter.com/RPzCXVL6dt
— FTX (@FTX_Official) March 6, 2022
Earlier, UST/USDT and UST/USD pairs appeared on the exchange for spot trading and perpetual-contract trading.
In CoinGecko’s market capitalization ranking, the asset TerraUSD (UST) occupies the 14th spot with a value of $13.6 billion, ahead of the decentralized stablecoin DAI from Maker ($9.46 billion).
The market capitalization of the LUNA token, Terra’s ecosystem, is $29.4 billion (7th in the ranking).
Against the backdrop of rising stablecoins and the popularity of Terra DeFi ecosystem services, UST’s market capitalization has grown 36% year-to-date to $13.6 billion.
Previously, the value of LUNA in staking exceeded $30 billion.
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