Binance Futures lists USTC on 27-11-2017 15:30 with up to 50x leverage.
As it is known, USTC was the stablecoin of the Terra ecosystem, which should normally be fixed at 1 dollar. However, it is currently trading at $0.062.
Binance Futures Launches USDⓈ-M USTC Perpetual Contract with Up to 50x Leverage
The maximum funding rate of the USTCUSDT Perpetual Contract at launch is +2.00% / -2.00%.
The funding fee payment frequency is every four hours.
Qualifying USDⓢ margin futures liquidity providers will be able to take advantage of 0.005% maker fee discounts for trades on the USTCUSDT Perpetual Contract for approximately 14 to 15 days.
Binance may change the specifications of the USTCUSDT Perpetual Contract from time to time, including funding fee, tick size, maximum leverage, initial margin or maintenance margin requirements, depending on market risk conditions.
Multi-Asset Mode allows users to trade the USTCUSDT Perpetual Contract across multiple collateralized assets, subject to applicable margin deductions.
For example, when Multi-Asset Mode is enabled, users can use BTC as collateral when trading on the USTCUSDT Perpetual Contract.
*This is not investment advice.
