To foster growth within the Terra ecosystem, OKX has officially listed TerraUSD (UST) on its spot trading platform. Additionally, OKX will soon introduce related Earn products, offering users more opportunities to grow their assets. Keep an eye out for updates!
Trading Schedule for UST
Here’s the detailed timeline for UST trading on OKX:
- Deposits Open: 7:00 AM UTC on November 4
- Spot Trading (UST/USDT) Begins: 10:00 AM UTC on November 4
- Withdrawals Open: 10:00 AM UTC on November 5
What Is TerraUSD (UST)?
TerraUSD (UST) is a decentralized algorithmic stablecoin native to the Terra blockchain. Designed to maintain a 1:1 peg with the US Dollar, UST offers scalability, yield generation, and seamless cross-chain interoperability. Unlike traditional stablecoins, UST leverages Terra’s ecosystem to provide faster transactions, accurate interest rates, and enhanced utility for decentralized finance (DeFi).
Key Features of UST:
- Algorithmic Stability: Adjusts supply dynamically to maintain its USD peg.
- High Scalability: Solves congestion issues faced by competitors like Dai.
- Yield Opportunities: Integrates with Terra’s lending and staking protocols.
UST Tokenomics
| Metric | Value |
|---|---|
| Asset Name | TerraUSD |
| Ticker | UST |
| Total Supply | 2,826,954,222 |
| Circulating Supply | 2,826,954,222 |
(Source: CoinGecko, November 4)
FAQs About UST Listing
1. When can I start trading UST on OKX?
UST/USDT spot trading begins at 10:00 AM UTC on November 4. Deposits open earlier at 7:00 AM UTC the same day.
2. What makes UST different from other stablecoins?
UST is algorithmic, meaning it doesn’t rely on collateral but instead uses smart contracts to balance supply and demand, ensuring price stability.
3. Will OKX offer earning opportunities for UST?
Yes! OKX will soon launch Earn products for UST, allowing users to generate passive income.
4. How do I withdraw UST?
Withdrawals open at 10:00 AM UTC on November 5, 24 hours after trading starts.
Final Notes
📌 Risk Disclosure: Digital asset trading carries risks, including potential loss of capital. Assess your risk tolerance, investment goals, and consult a financial advisor if needed.
For further assistance, reach out via:
OKX Team
November 4
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### Key Improvements:
1. **Structure:** Clear headings, bullet points, and a Markdown table for tokenomics.