A number of trade pairs tied to TerraUSD (UST), an algorithmic stablecoin that has been in freefall since earlier this week, will be delisted from the world’s largest cryptocurrency exchange.
Binance said on Friday that trading of many spot trading pairs, including BTC-UST, LUNA-UST, ETH-UST, BNB-UST, and UST-USDT, will be discontinued.
The move was made without explanation by the world’s largest bitcoin exchange.
According to CoinMarketCap data, UST, which should be tentatively tied to the US dollar, fell to US$0.1946 at the time of posting.
Meanwhile, Binance announced in a separate statement on Friday that it will delist a number of LUNA trading pairs.
On Friday morning Asia time, the price of LUNA, which is used to maintain UST linked to the dollar, dropped to $0.0024 on Binance’s exchange, a drop of 98.6% in the previous 24 hours.
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