UST is listed on Binance and Huobi, raising Terra to $100
UST, the most frequently traded stabelcoin from Project Terra, has now reached a major milestone with two of the leading exchanges by trading volume including it in their platforms. Asian exchange Huobi announced that it would include the asset in its Pioneer Zone on December 23 and launched a contest to generate interest in trading the new currency, offering 210,000 UST to platform users.
Following the listing announcement, the price of LUNA reacted positively, breaking the recently set record high of just over $80 set on December 20.
The market capitalization of the Terra stabelcoin rose significantly in just the last week, from $8.8 billion on December 18 to nearly $9.8 billion on December 24. Immediately after Binance's announcement, more than $200 million was issued. This, judging by the dynamics of token issuance, may have influenced the appreciation of LUNA.
