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Binance Futures announced that it will list USTC today at 15:30 with 50x leverage. USTC is the stable cryptocurrency of the Terra ecosystem and is supposed to be pegged at 1 dollar, but it is currently trading at 0.062 dollars.
Binance Futures launched the USDⓈ-M USTC Perpetual Contract with up to 50x leverage. The maximum funding rate for the USTCUSDT Perpetual Contract launch was set at +2.00% / -2.00%. The funding fee is paid every four hours.
Qualified USD Margin Futures Liquidity providers can benefit from a 0.005% maker fee discount for transactions in the USTCUSDT Perpetual Contract for 14 to 15 days.
Binance may change the features of the USTCUSDT Perpetual Contract over time depending on market risk conditions. Also, these changes may include a funding fees, tick size, maximum leverage, initial margin, and maintenance margin requirements.
Multi-Asset Mode allows users to buy and sell the USTCUSDT Perpetual Contract across multiple collateral assets, subject to relevant margin deductions. For example, when Multi Asset Mode is enabled, users can use BTC as collateral while trading in the USTCUSDT Perpetual Contract.
Click here to open a commission-discounted account now if you don’t have a Binance Futures account!
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