Cryptocurrencies are clearly ruling the world. We have seen a surge in demand for stablecoins. However, many stablecoins available in the market lack scalability, which led to the creation of TerraUSD or UST Crypto. Have you heard of the UST crypto? If not, here is everything you should know about the UST crypto.
Investors widely use cryptocurrencies even though they aren’t regulated or have any central issuing authority. Investors hugely trade Bitcoin, Litecoin, Ethereum, Ripple, and many other cryptocurrencies. Many investors also traded UST crypto and are slowly getting into the race of popular cryptocurrencies.
TerraUSD or UST crypto is a stablecoin aiming to benefit users and the community. It is a scalable, decentralized, algorithmic, and interest-bearing stablecoin with various features. TerraUSD is among the top 100 cryptocurrencies in the crypto market. It was launched in 2020 and has been positively accepted by investors.
Want to learn more? This post will provide you with all the necessary information related to the UST crypto. By the end of this post, you will learn all the details about the UST crypto including its features, price, why and how to invest, where, and how to buy UST crypto. So, let’s get straight into the post and discuss what a UST crypto is!
What Is UST Crypto?
TerraUSD or UST crypto is a decentralized stablecoin. It mimics the price of a USD dollar. UST crypto and LUNA are the two native tokens of the Terra Network. Terra Network is a blockchain-based project developed in South Korea by Terra Labs. UST crypto is a yield-bearing and scalable coin value-pegged to the US dollar. TerraUSD was created to provide value to the Terra community and give a scalable solution for Decentralized Finance amid the scalability problems faced by other stablecoin leaders such as DAI.
UST crypto was launched in 2020 and has gained a lot of reputation as the most scalable stablecoin. TerraUSD was launched on Bittrex Global. It is among the list of top 100 cryptocurrencies. The stablecoin has shown success to conquer various competitors like PAX, GUSD, and others backed by fiat currency held in banks and subject to user control. Let’s shed some light on the features of UST crypto.
What Are The Features Of UST Crypto?
UST crypto holds some features that make it unique from other stablecoins. Let’s find out what these features are!
- Scalability is enhanced
- Convenience in exchange for a minimal fee
- Interoperable
- Chances to gain passive income
Let us now check out the information regarding the price and other things of the UST crypto.
Details Related To UST Crypto
Here are the details related to the UST crypto that you must be aware of before heading towards investing in the UST crypto.
- Price: $1.00
- 24h Trading Volume: $70,08,63,735
- Coinmarketcap ranking: 12
- Market cap: $18,36,52,51,877
- Circulating supply: 18,36,13,14,875 UST
- Total supply: 18,36,13,14,875 UST
- All-time low: $0.7929
- All-time high: $1.05
As we discussed the position of UST crypto, let’s find out why to invest in the UST crypto.
Why Invest In UST Crypto?
Investment in cryptocurrencies is increasing daily. We can see traders investing heavily in cryptocurrencies. You can also try your hands at cryptocurrency trading by choosing the UST crypto. You can simply buy the UST crypto and hold it with yourself. Once you find the value appreciating, you can sell them at a higher price. Isn’t it great! It can help you earn high profits by just buying and holding the UST crypto. It is also among the famous and top 100 cryptocurrencies, so this can be another reason to invest in the UST crypto. Let’s see how to invest in UST crypto.
How To Invest In UST Crypto?
Investors want to earn high profits by trading cryptocurrencies. Choosing the right crypto and having the market knowledge to earn profits from cryptocurrency trading is important. You need to first decide which crypto you want to invest in. If you choose the UST crypto to invest in, you can easily do so. Confused, how can you invest in UST crypto? You can invest in the UST crypto by simply buying the TerraUSD. Now, the question is how to buy UST crypto? So, you must know where you can buy the UST crypto. Let’s discuss where you can buy the UST crypto.
Where To Buy UST Crypto?
You must first know where to buy the UST crypto before learning how to buy the UST crypto. So, let’s quickly check out the exchanges that offer you UST crypto.
- Bittrex
- KuCoin
- Gate.io
- Terraswap
- 1inch Exchange
- Uniswap
- PancakeSwap
- MEXC
- SushiSwap
- Bitfinex
You can choose any of these exchanges and buy the UST crypto. It is time to find out how to buy UST crypto.
How To Buy UST Crypto?
Thinking of buying UST crypto? You can easily buy it by following a simple procedure. Let’s see the procedure to buy UST crypto.
Compare and choose a crypto exchange > Register > Deposit funds > Explore the trading options > Buy UST Crypto
Let’s check these steps to buy UST crypto in detail.
1. Compare Cryptocurrency Exchanges
You first need to compare the cryptocurrency exchanges and choose the right one. We have listed the crypto exchanges. You can choose any of these to buy the UST crypto. Once you find the right one for yourself, move on to the next step.
2. Register And Create An Account
The next step is to register and create an account on the exchange you chose in the first step. You need to type all the necessary details like your name, email address, password, etc. to create an account on your preferred exchange.
3. Deposit Funds
You now need to fund your account by choosing any payment method. You can choose bank transfer, debit card, credit card, or deposit crypto using a cryptocurrency wallet to purchase UST crypto. Move towards the final step after completing this funding process.
4. Purchase UST Crypto
Finally, you can buy UST crypto by entering the amount of UST crypto you wish to buy. Enter the amount and press the Buy button to complete the transaction.
That’s it! You can easily buy the UST crypto using these simple and short steps.
Wrapping-Up:
This is a full-fledged post on UST crypto. Here, we have covered every necessary detail related to the UST crypto. We cannot stay away from saying that cryptocurrencies are trending worldwide. Despite all the risks involved with the crypto market, people are heavily involved in trading cryptocurrencies.
You can also invest in the crypto market but don’t forget to do some homework before investing. UST crypto can be a good option if you want to get into the crypto market as these are among the top 100 stablecoins. We hope you’ve understood everything about the UST crypto. Feel free to drop your queries, if any, in the comment box below.
Frequently Asked Questions
Q1. Is UST Stable Coin?
A. Yes, UST is the dollar-denominated digital asset. It is the third-largest stablecoin.
Q2. Can I Trade UST?
A. Yes, UST can be traded using any of the popular exchanges that support UST. Some of the commonly used exchanges are KuCoin, Binance, OKX, etc.
Q3. Does Coinbase Sell UST?
A. Yes, you can easily buy UST with the Coinbase app anywhere Coinbase is available. It is easy, quick, and secure.
Q4. What Blockchain Is UST On?
A. The Terra Blockchain creates UST. UST aims to solve issues related to scalability which is often faced by stablecoins.
