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Stablecoins: Terra(UST) reveals liquidity plans; USD Coin(USDC), Tether(USDT) have a lot going on
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While Tether [USDT] and USD Coin [USDC] are thought to be the go-to stablecoins in the crypto ecosystem, another coin wants to get to the top.
On 30 November, the official account for TerraUSD [UST] tweeted about a proposal to amp up the stablecoin’s liquidity on Ethereum, using a six month long plan.
In the official document, a user by the name of “ezaan” wrote,
“The ultimate goal is to have UST become the go-to interchain stablecoin.”
They added,
“This process begins with deep UST liquidity on
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