Coming Soon: USTCUSDT Perpetual Swap Listing with Up to 10x Leverage

November 27, 2023

A new listing featuring USTC, the former decentralised algorithmic stablecoin of the Terra blockchain, will be available to trade on BitMEX with up to 10x leverage. This allows users to gain exposure to the price of the former Terra blockchain stablecoin and trade it with leverage, without needing to have any USTC holdings. About USTC – the TerraClassicUSD TokenTerraClassicUSD (USTC), formerly known as TerraUSD (UST), is a stablecoin that was part of the Terra blockchain platform. The Terra blockchain allowed users to easily spend, save, trade, and exchange USTC. Following the crash of the TerraLuna ecosystem in May 2022, the Terra blockchain underwent a hard fork and rebranding – the original blockchain became Terra Classic, and UST was renamed TerraClassicUSD (USTC).

The source of this news is from BitMEX