Pangolin Has Made UST Terra Its Default Stablecoin

Avalanche-based decentralized exchange Pangolin announced on Twitter that Terra's UST will be its default stablecoin. According to the blog post, the move is part of a commitment to support decentralized stablecoins that push the boundaries of innovation.

The decentralized exchange, launched in February 2021, has grown significantly and now has a TVL of over $100 mln. Since its launch, the DEX has transacted nearly $9 bln worth of transactions. It serves as the centerpiece of the DeFi infrastructure in the Avalanche ecosystem.

Pangolin decided to add UST to its ecosystem for the first time through the Avalanche Rush Incentive Program, earning a $2mln reward in AVAX and additional PNG and LUNA rewards. Rewards will be made available through an innovative three token Super Farm on Pangolin.

Image: Coin News