The team at digital asset firm Kraken is pleased to confirm that their platform now supports TerraUSD (UST).
Clients may now add UST to their Kraken accounts by navigating to Funding, choosing the asset, and hitting Deposit. Trading is scheduled to begin on February 17, 2022.
Here’s what you need to know about this new token listing:
- Ticker UST
- Tradeable against USD, USDC, USDT, EUR
- Price precision 6 decimal places
- Deposit confirmations required 1 (near-instant)
- Not available in Japan
- Services available Kraken, the Kraken Pro interface
Kraken also reminded users to keep an eye on the status page for more updates.
What is TerraUSD ?
As explained by the Kraken team, Terra is a blockchain protocol that “powers global payments with community-controlled stablecoins.” UST is the protocol’s USD stablecoin, “offering users a rapid and censorship-resistant means to perform settlements.”
Will Kraken list more assets?
As always, Kraken’s management confirmed that they plan to list more crypto-assets in the foreseeable future. But like usual, their policy is to “never reveal any details until shortly before launch – not even which assets we are considering.” All of Kraken’s listed tokens are “available on [their] website, and all future tokens will be announced on Kraken’s blog and social media profiles,” the company noted. Their client engagement specialists “cannot answer any questions about which assets we may be listing in the future.”
Kraken reminds users to trade and invest with caution.
The firm points out that limit orders are “recommended when trading starts since the markets may be illiquid initially.” Kraken also mentioned that you need to be “extremely careful with market orders and orders that trigger market orders (e.g. stop loss).”
Kraken also clarified that simply listing an asset or token for trade “is not a recommendation to buy, sell, or participate in the associated network.” So, always “do your own research and invest at your own risk.”
Altair (AIR) trading started via Kraken on February 8. Clients can start making deposits now.
As noted by Kraken, the Altair network is a Kusama-based parachain that “enables users to tokenize their assets — from NFTs to real-world assets — and finance them using the protocol.” The AIR token is “used to secure the network, take part in its governance, and pay for transaction fees.”
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