As such, FTX users can now seamlessly trade the largest decentralized stablecoin by market cap. Earlier this month, Luna Foundation Guard decided to increase the UST supply by $450 million in equivalent.Also, on March 7, 2022, FTX co-founder Sam Bankman-Fried announced that the operations of his product are now licensed in Europe. The newly launched FTX Europe obtained a license by CySEC regulator.
Both spot and derivatives trading modules will be available on the platform for European clients. The new arm of FTX will be headquartered in Switzerland.Despite a significant pullback, decentralized applications on Terra blockchain added 50% in TVL over the last 30 days. Right now, this metric sits at $22 billion, which is twice as high as that of closest competitor, Binance Smart Chain .
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