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Binance Adds Terra Classic USD (USTC) As New Borrowable Asset on Cross And Isolated Margin

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Mark Brennan
Author: Mark Brennan
Less than 1 min.read
Terra Classic LUNC and Binance
Terra Classic LUNC and Binance
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Binance support for Terra classic tokens is increasing day by day.


The world’s top exchange is in no mood to leave Terra’s classic community behind or alone. The exchange is taking every step possible to boost Terra Luna classic (LUNC) and terra classic USD (USTC) utility.

In the most recent announcement, the exchange confirms the addition of USTC as a new borrowable asset on Cross Margin and Isolated Margin.

Both Cross Margin and Isolated Margin Pair for USTC are against BUSD.

 

As reported by The Crypto Basic, Binance became the first exchange for adding LUNC burns on all trading fees. Recent calculations from Terra rebels show that the Binance Tax Burn Approach May Result in Burns of More Than 1.2% of the Proposed Rate.

Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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