Cryptocurrency exchange FTX has just announced it has added support for the Terra ecosystem's algorithmic stablecoin UST.
Notably, the UST/USDT and UST/USD pairs previously started to become available on the exchange for spot trading and trading in perpetual contracts.
According to CoinMarketCap's ranking of largest cryptos in the market by market capitalization, TerraUSD (UST) ranks #7 with $13.7 billion, ahead of Shiba Inu, whose capitalization amounts to $12.6 billion.
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It is noteworthy the capitalization of the Terra ecosystem's LUNA token rises to $29.07 billion.
UST's market cap has registered a 36% increase since the beginning of the year to $13.6 billion amid the growth of the stablecoin segment and the popularity of Terra's DeFi ecosystem services.