The cryptocurrency ecosystem continues to evolve, and one of the latest developments comes from OKX, a leading global digital asset exchange. In support of the growing Terra ecosystem, OKX will list UST for spot trading, marking a significant step forward for decentralized finance (DeFi) adoption and stablecoin accessibility.
This listing not only expands trading opportunities but also signals increased confidence in algorithmic stablecoins as viable instruments within the broader blockchain economy. With UST now available on OKX’s spot markets, users gain enhanced access to a scalable, yield-bearing digital asset pegged to the US dollar.
👉 Discover how UST is reshaping the future of decentralized finance today.
UST Listing Schedule
To ensure a smooth and secure rollout, OKX has announced the following timeline for UST availability:
- UST deposits open: 7:00 a.m. UTC on November 4
- Spot trading begins (UST/USDT): 10:00 a.m. UTC on November 4
- UST withdrawals open: 10:00 a.m. UTC on November 5
This phased approach allows traders and investors time to prepare, deposit funds, and engage with the market once full functionality is live. The UST/USDT trading pair offers high liquidity potential, making it ideal for both novice and experienced traders seeking exposure to algorithmic stablecoins.
What Is TerraUSD (UST)?
TerraUSD, commonly known as UST, is an algorithmic stablecoin built on the Terra blockchain. Unlike traditional fiat-collateralized stablecoins such as USDT or USDC, UST maintains its dollar peg through a sophisticated algorithmic mechanism that balances supply and demand using associated tokens like LUNA.
As a decentralized and non-custodial stablecoin, UST provides several key advantages:
- Scalability: Designed to handle high transaction volumes without network congestion
- Yield-bearing capabilities: Can be used in DeFi protocols to earn interest
- Interchain compatibility: Supported across multiple blockchains via bridges and integrations
- Decentralization: No reliance on centralized reserves or intermediaries
With a total supply and circulating supply of 2,826,954,222 UST as of the listing date (data sourced from CoinGecko), UST has emerged as one of the most widely adopted algorithmic stablecoins in the DeFi space.
Why UST Matters in the DeFi Landscape
Stablecoins are the backbone of decentralized finance, enabling predictable value exchange in volatile crypto markets. While established players like DAI have paved the way, they often face scalability challenges due to their over-collateralization models.
UST addresses these limitations by offering a capital-efficient alternative. Its algorithmic design allows users to mint and burn UST using LUNA, maintaining price stability while minimizing reserve requirements. This makes UST particularly attractive for:
- Liquidity providers on decentralized exchanges
- Yield farmers participating in lending platforms
- Cross-border payments requiring fast settlement
- Savings accounts in Web3 wallets and DeFi apps
By listing UST, OKX empowers users to tap into these use cases directly from a trusted trading platform.
👉 Start exploring UST trading pairs and unlock new DeFi opportunities now.
OKX Earn Integration Coming Soon
In addition to spot trading, OKX plans to launch dedicated OKX Earn products featuring UST. These offerings will allow users to earn competitive yields through staking, savings plans, or liquidity pools — all within a secure and regulated environment.
While specific product details will be announced soon, early adopters can expect flexible terms, attractive APYs, and seamless integration with existing OKX services.
Frequently Asked Questions (FAQ)
What is UST?
UST (TerraUSD) is an algorithmic stablecoin pegged to the US dollar and powered by the Terra blockchain. It uses an elastic supply mechanism involving LUNA to maintain its $1 value.
Is UST backed by cash reserves?
No. Unlike USDT or USDC, UST is not backed by physical cash or short-term securities. Instead, it relies on an algorithmic model where users can exchange UST for LUNA (and vice versa) at a dynamic rate to stabilize price.
Can I earn interest on UST?
Yes. Through DeFi platforms and upcoming OKX Earn products, users can stake or lend UST to generate passive income in the form of yield.
How does OKX ensure the security of UST deposits and withdrawals?
OKX employs multi-layered security protocols including cold storage, two-factor authentication (2FA), and real-time transaction monitoring to protect user assets.
Why did OKX choose to list UST?
OKX supports innovative blockchain projects that drive mainstream DeFi adoption. UST represents a scalable, efficient solution for stable digital transactions and aligns with OKX’s mission to expand access to next-generation financial tools.
When can I withdraw my UST after depositing?
Withdrawals will be enabled at 10:00 a.m. UTC on November 5, two days after deposits open. Please plan accordingly to avoid delays.
Final Thoughts
The listing of UST on OKX marks a pivotal moment for both the Terra ecosystem and the wider DeFi community. By integrating this advanced algorithmic stablecoin into its spot markets — with future Earn products on the horizon — OKX reinforces its position as a forward-thinking exchange committed to innovation and user empowerment.
Whether you're looking to trade, save, or earn yield, UST opens new doors in digital finance. As blockchain technology continues to mature, assets like UST demonstrate how decentralized systems can offer practical, scalable alternatives to traditional financial instruments.
👉 Join thousands of traders already exploring the potential of UST on OKX.
Risk warning: Trading digital assets involves significant risk and may result in the loss of your invested capital. You should ensure that you fully understand the risks involved and take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.