Terra USD (UST)

Terra USD (UST)

Terra USD (UST) is a decentralized stablecoin released on the Terra network, it’s backed by the native Luna token and is used by creditors and debtors in decentralized finance, such as Anchor Protocol.

UST also exists on Ethereum as a wrapped ERC-20 token, which expands it and allows it to be used in Ethereum smart contracts.

UST on Terra and UST on Ethereum are 100% identical and can be transferred cross-chain via Terra Bridge.

Where and how you can get UST

  • The crypto exchange KuCoin
  • On the decentralized exchange Uniswap
  • You can buy Luna on the popular Huobi and Binance exchanges, withdraw it to a Terra Station wallet, perform a Luna to UST swap within the wallet, and then use Terra Bridge to transfer it to Ethereum

UST to Minter

UST on Minter is a wrapped UST of the ERC-20 format that has more advantages thanks to the nature of Minter.

On the Minter blockchain, the UST stablecoin has the ticker USTE and is fully backed by ERC-20 UST.

USTE tokens on Minter

USTE hot wallet — Mx68f4839d7f32831b9234f9575f3b95e1afe21a56 USTE cold wallet — Mx7072558b2b91e62dbed78e9a3453e5c9e01fec5e

UST tokens on Ethereum (backing USTE on Minter) UST hot wallet — 0xC735478EF7562ecc37662FC7c5e521eb835F9Dab UST cold wallet — 0x58BD8047F441B9D511aEE9c581aEb1caB4FE0b6

To minimize fee expenses, wrapped tokens on Minter are released in packets (they won’t exactly be 1:1 accurate with the backing coins on Ethereum). But only the 100%-backed amount will be allowed to circulate on Minter, the rest will be on the hot and cold wallets, which are controlled with multisigs.

It doesn’t affect security and reliability, since minting and burning wrapped tokens on Ethereum is also managed by multisigs and they can be minted or burned at any moment upon reaching a required quantity of votes. In this case, Minter has an advantage over Ethereum as it doesn’t spend any money at all on fees.


The first packed of USTE on Minter consists of 10 000 000 000 USTE.

At the time of writing, the cold wallet has 9 999 000 000 USTE.


Meanwhile, the hot wallet has 1 000 000 USTE.


When users perform UST transfers from Ethereum to Minter, these tokens will be circulating and their amount will be calculated like this:

10 000 000 000 - *hot wallet total* - *cold wallet total* = *amount of USTE in circulation*

The total UST sum of the wallet balances (hot wallet + cold wallet) will be exactly the amount circulated on Minter.

Liquidity pools with USTE

You can view the existing liquidity pools in pairs with USTE on a Minter Explorer page or at Chainik.

By clicking on a pair, you can see all the basic liquidity information, token price correlation, daily trade volume, daily fee amount received by liquidity providers, and the current APY — yearly profitability.


And on the page of the pair at Chainik, you can also track the price change chart.


UST cross-chain transfer

You can learn about transferring UST and other tokens from Ethereum to Minter and back on our page about cross-chain transfers.

Advantages of UST on Minter

The advantages of having a wrapped UST, like other tokens on Minter, lie in the blockchain’s possibilities — first off, the transaction speed (less than 5 seconds) and low fees ($0.01 for a transfer and $0.03 + 0.2% for a conversion). You can learn about other advantages Minter has on a corresponding page in our database.

© 2022 BTC.Secure Inc.