A new listing featuring USTC, the former decentralised algorithmic stablecoin of the Terra blockchain is now available to trade on BitMEX with up to 10x leverage. For the lowdown on the latest listing, read on.
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USTCUSDT Contract Specs
USTCUSDT is a linear perpetual swap, margined in USDT. 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.
Key contract details for our USTC token listing:
- Symbol: USTCUSDT
- Margin Currency: USDT
- Contract Size: 1 USTC
- Lot Size: 100
- Minimum Trade Amount: 100 USTC
- Underlying: .BUSTCT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.02%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
You can trade the USTCUSDT perpetual contract here, or refer to the full contract specs here.
About USTC – the TerraClassicUSD Token
TerraClassicUSD (USTC), formerly known as TerraUSD (UST), is a stablecoin that was part of the Terra blockchain platform. USTC was pegged to the US dollar, with the goal of maintaining a 1-to-1 ratio. 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). Terra Classic now supports various protocols, wallets, cross-chain transfers, decentralized exchanges, and NFT projects.
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