DeFi traders push Terra’s UST stablecoin to $10B market cap

The Terra blockchain’s fast growing stablecoin UST, which had surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.

The fast growth in UST comes as the Terra blockchain has become a major player in the DeFi sector, where stablecoins play a critical role in staking, liquidity management and yield-generating.