UST Is Now Open For Trading on Bitazza! -

10 January 2022

TerraUSD is now open for trading on Bitazza!

UST is the completely decentralized algorithmic stablecoin of the Terra blockchain that has a thriving ecosystem where users can use UST for payments, passive income, savings, and more.

UST is interoperable across multiple token standards, including ERC20 and BEP20, and CW20

Terra maintains the USD peg for UST through their minting and arbitrage mechanism, unlike other algorithmic stablecoins that rely on collateral reserves to peg their tokens to the dollar. Users are incentivized by the arbitrage opportunity to burn 1 USD worth of LUNA to mint and receive 1 UST. In contrast, users can swap 1 UST for 1 USD worth of LUNA in Terra Station when UST prices are lower than the USD peg. In both cases, users are incentivized to maintain UST’s peg to the dollar by controlling the circulating supply via the LUNA-backed mint-burn mechanism.

Due to Terra’s unique minting mechanism, UST is capital-efficient and fully decentralized without compromising scalability and relying on over-collateralization.

As of January 2022, the total circulating supply of UST is 10.45 million tokens.