How do I get TerraUSD Binance?

TerraUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00 . Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraUSD, US$1.00 worth of TerraUSD’s reserve asset (LUNA) must be burned.

Fortunately you can buy TerraUSD with the Coinbase app anywhere Coinbase is available . It’s quick, easy, and secure. Here’s how to buy TerraUSD with the Coinbase app for U.S. residents.

How to Buy TerraUSD (UST) [For Beginners]

Interestingly, there has been a spike in coins in circulation since the start of 2022, when 10.5 billion coins were in circulation. Is TerraUSD a good investment? It might be . Keep in mind that, as a stablecoin, it is designed to be more of a store of value than a traditional investment.

TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain . It is a scalable, yield-bearing coin that is value-pegged to the US Dollar.

In a nutshell, USD Coin is a service to tokenize US dollars and facilitate their use over the internet and public blockchains . Besides, USDC tokens can be changed back to USD at any time.

Binance will list Spell Token (SPELL) and TerraUSD (UST) and will open trading for SPELL/BTC, SPELL/BUSD, SPELL/USDT, UST/BTC, UST/BUSD, and UST/USDT trading pairs at 2021-12-24 08:00 (UTC).