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TerraClassicUSD (UST)

In light of recent volatility involving Terra ecosystem assets UST and LUNA, Coinbase suspended trading in UST and WLUNA on May 27, 2022 around 12PM ET on Coinbase, Coinbase Pro, and Coinbase Exchange. You can still use these products to store, send, and receive UST and WLUNA. There is no impact to Coinbase Wallet. 

Coinbase will not initially be supporting the LUNA airdrop. If we do support it in the future then we’ll announce the details via this page and our official social media handles.

Note: Coinbase only supports UST and WLUNA on the Ethereum blockchain

What is TerraClassicUSD (UST)? 

TerraClassicUSD is a decentralized stablecoin running on Ethereum that attempts to maintain a value of US$1.00. Unlike centralized stablecoins, UST isn’t backed by US dollars in a bank account. Instead, in order to mint 1 TerraClassicUSD, US$1.00 worth of TerraClassicUSD's reserve asset (LUNA) must be burned. 

What products support UST?

 Send/ReceiveTrading 
Coinbase           ✔     ✖️
Pro          ✔     ✖️
Wallet          ✔     ✖️

What regions support UST?

   US NY CAN EU IE UK DE SG
Coinbase     ✔ ✖️   ✔  ✔ ✖️  ✔  ✔ ✖️
Pro     ✔ ✖️   ✔  ✔ ✖️  ✔  ✔ ✖️
Wallet   ✔  ✔   ✔  ✔  ✔  ✔ 

Crypto to fiat trading pairs

  USUKEU
USD  ✖️ ✖️✖️
GBP ✖️ ✖️
✖️
EUR ✖️ ✖️ ✖️

Note: Coinbase Wallet does not support direct bank transactions. You’ll need to transfer your crypto to Coinbase.com or send it to an external address in order to cash out.

Crypto to crypto trading pairs

 USDCBTCETHUSDT
UST   ✖️  ✖️  ✖️   ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

Note: Only assets hosted on the Ethereum blockchain can be converted through the Coinbase Wallet mobile app at this time. Learn more about trading on Coinbase Wallet.

How many confirmations are needed for UST?

UST requires 14 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts UST?

UST is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain. These amounts vary by asset and are subject to change.

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