Stock Groups

TerraUSD (UST) Joins Nexo Exchange, Offers Double Yield Rewards -Breaking

by Mike Robinson

[ad_1]

TerraUSD (UST), joins Nexo Exchange. Offers double yield rewards
  • TerraUSD (UST), is now available on the Nexo platform.
  • You can get double the yield for Nexo platform UST holders
  • UST can also be converted into UST/USDT or UST/BTC.

TerraUSD (UST), is the most prominent decentralized stablecoin on blockchain. It was first launched by Nexo. Nexo users can now convert, buy and earn TerraUSD (UST) up to 20% per annum. Users can also enjoy double yield rewards to mark the Nexo listing of UST (UST) until March 31, 2022.

Users of UST will be able to enjoy 8% or 13% interest rates, which are a significant improvement on the 4%-8% rate. Investors interested in the token can purchase it using their bank cards and instantly receive them into their wallets. UST/USDT and UST/BTC can both be traded for crypto assets.

The promo event will allow holders of the UST to continue enjoying higher rates. The Nexo Loyalty level will determine the rate. For example, Platinum: Маximum rate – 20%. Standard rate – 18%, Gold: Маximum rate – 17%. Standard rate – 16%, Silver: Маximum rate – 15.25% Standard rate – 15%, and Base: Маximum rate – 14%. Standard rate – 14%.

Nexo Platform users will be exempt from any taxation imposed by countries. Users from India, Spain and the US can benefit from tax-free transactions. The Nexo-backed credit line with UST backing is a great benefit for all users.

On the other hand, TerraUSD (UST) is the Terra blockchain’s flagship decentralized and algorithmic stablecoin with $11B currently in circulation. Because its value is linked 1:1 to the US Dollar, it makes it an ideal medium for exchange between traditional finance and DeFi. Unlike many other stablecoins UST cannot be backed by dollars. To mint one UST, you must burn $1.00 of its reserve currency LUNA.

Continue reading on CoinQuora

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]