Compare TerraUSD (UST) Staking Rates
TerraUSD (UST) is a decentralized stable coin, that is famous for its infinitely scalable monetary policy. With a surging demand in stable coins, it was clear that most of them are not genuinely scalable. Thus, TerraUSD was born. Set to challenge stable coin market leader DAI, it offers a scalable experience to the DeFi market amid the severe scalability issues many conventional chains face.
Nexo
Base: Easy Access: 11% P.A
Silver: Easy Access: 12.25% P.A
Gold: Easy Access: 14% P.A
Platinum: Easy Access: 17% P.A
Silver: Easy Access: 12.25% P.A
Gold: Easy Access: 14% P.A
Platinum: Easy Access: 17% P.A
17% APR
Base = No requirements; Silver = 1-5% Nexo in portfolio; Gold = 5-10%% Nexo in portfolio; Platinum = 10%+ Nexo in portfolio
FAQ’s
What is UST in cryptocurrency?
TerraUSD (UST) is an algorithmic stable coin built on the Terra network. Although it pegs, tracks, itself to the US Dollar, just like USDT, BUSD, or USDC, UST isn’t directly backed by a balance of US Dollars held in a bank account. Instead, $1 of Terra (LUNA) is burnt each time $1 worth of UST is minted.
What is the price of UST?
As TerraUSD (UST) pegs, tracks, itself against the US Dollar, the value of UST should always have a value of $1, or a value very close $1 at all times.
Where can you buy or trade UST?
TerraUSD (UST) can currently be purchased from another of the cryptocurrency exchanges. This includes the likes of Binance, Nexo, KuCoin, FTX, Coinbase, Huobi, and Kraken.
How do I cash out UST?
How TerraUSD (UST) can be cashed out depends entirely on the exchange (CEX) that you hold the coin on. In some instances, you’ll be able to swap UST directly for fiat, whether it be GBP or USD. However, this can only be done if these are available trading pairs on the exchange of your choosing. Alternatively, you may need to swap UST to another stable coin, such as USDT, before swapping to fiat.
Can I buy UST on Coinbase?
TerraUSD (UST) is available to buy on both Coinbase and Coinbase Pro.
Is UST on the Kraken exchange?
TerraUSD (UST) is available to buy on Kraken.
How do I buy Ethereum (ERC-20) UST?
A number of the major cryptocurrency exchanges (CEXs) allow users to trade the Ethereum (ERC-20) chain version of TerraUSD (UST), including Nexo, Binance, and Gemini.
Can you buy UST on Binance?
TerraUSD (UST) can be bought on both Binance, and Binance US.
Is UST backed by USD?
No, TerraUSD (UST) is not backed by the USD. Although UST is pegged to the US Dollar, it’s not backed by the fiat currency. Instead, UST is backed by the Terra network native token, Terra (LUNA). It has also been publicly announced that Terra Labs is going to buy a large sum of Bitcoin (BTC), $10 billion, to act as a reserve.
Is UST a Binance Smart Chain coin?
A Binance Smart Chain (BSC) version of TerraUSD (UST) is available. However, the majority of the major crypto exchanges only allow for trading of the Ethereum (ERC-20) chain version of the coin.
Can you send UST from Gemini?
The Gemini exchange allows for withdrawals of TerraUSD (UST) to external wallets. However, users are currently only able to trade the Ethereum (ERC-20) chain version of the coin.
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