Derivative exchange SyncFutures announced via a Medium post on Tuesday that it had partnered with Terra to increase UST trading opportunities. SyncFutures said Terra will bring liquidity to its UST stablecoin trading pairs on its platform, giving its users more opportunities to trade with the stablecoin.
Terra is an algorithmic stablecoin platform operating on a Proof of Stake (PoS) blockchain infrastructure built with Tendermint.
LUNA, the native token of the Terra ecosystem, is up by more than 4% in the last 24 hours and is trading at $86.99 at press time.