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Binance Futures to list USDS-M USTC perpetual contract with 50x leverage

Binance Futures will list the USDS-M USTC perpetual contract with 50x leverage. According to a blogpost on Binance, perpetual contracts will launch on Nov. 27 at 12:30 UTC. The USDS-M USTC perpetual contract in crypto is a type of derivative contract on the cryptocurrency market, allowing traders to speculate on the future price of the USTC stablecoin against the USDS-M, another stablecoin, without an expiry date. Depending on market risk conditions, Binance may from time to time adjust the specifications of the USTC USDT Perpetual Contract. USTC is Terra Classic’s algorithmic stablecoin, formerly known as UST, which depegged significantly following the Terra crash.

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