Binance and Huobi list the stablecoin of Terra, Pushing Terra to $100

Binance and Huobi list the stablecoin of Terra, which has helped the token to reach $100. After this announcement, the native token of Terra, LUNA, broke all his previous records to reach a new ATH of $100.

Binance and Huobi list the stablecoin of Terra:

Terra is becoming more popular with each day passing and the month of December has brought a lot of attention to its developments. The most used stablecoin from the Terra project, UST, has seen massive adoption this December. Binance and Huobi, the two largest crypto exchanges in the crypto space have announced the listing of UST. Asian exchange, Huobi announced on December 23 that it will include UST in its Pioneer Zone.

Binance and Huobi

Huobi also launched a contest to entice the trade of the new currency and offered 210k UST to the exchange users. Although, only one trading pair will be available for now. On the same day, Binance also announced that it will be listing UST with three different trading pairs. These trading pairs include UST/BTC, UST/BUSD, and UST/USDT. The news of coin listing by Binance and Huobi made the day for Terraform’s CEO. CEO shared his excitement by saying:

 Now there is literally no reason to subject your internet money to censorship risk. Happy holidays, everyone!

After the listing announcements, the price of LUNA reacted favorably, breaking its recently established all-time high of a little more than $80, established on December 20. This was when UST flipped DAI, the Ethereum-collateralized stablecoin, as the most valuable decentralized stablecoin cryptocurrency project.  The price of LUNA reached $100.84 yesterday.

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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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