TerraClassicUSD Trading Down 2.9% This Week (USTC)

TerraClassicUSD (USTC) traded down 3.1% against the US dollar during the 1 day period ending at 7:00 AM Eastern on July 3rd. One TerraClassicUSD coin can now be purchased for approximately $0.0174 or 0.00000029 BTC on major cryptocurrency exchanges. In the last seven days, TerraClassicUSD has traded 2.9% lower against the US dollar. TerraClassicUSD has a total market cap of $97.23 million and approximately $8.53 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded down 3.7% against the dollar and now trades at $27.24 or 0.00045280 BTC.
• NEAR Protocol (NEAR) traded 3.7% lower against the dollar and now trades at $5.17 or 0.00008598 BTC.
• Internet Computer (ICP) traded down 4.8% against the dollar and now trades at $7.61 or 0.00012658 BTC.
• Hedera (HBAR) traded 4.9% lower against the dollar and now trades at $0.0737 or 0.00000123 BTC.
• Cosmos (ATOM) traded 4.5% lower against the dollar and now trades at $6.58 or 0.00010946 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.0895 or 0.00000149 BTC.
• Fetch.ai (FET) traded 4.6% lower against the dollar and now trades at $1.28 or 0.00002123 BTC.
• Algorand (ALGO) traded 2.6% lower against the dollar and now trades at $0.15 or 0.00000242 BTC.
• Akash Network (AKT) traded 9.3% lower against the dollar and now trades at $3.49 or 0.00005786 BTC.
• Theta Fuel (TFUEL) traded down 4.8% against the dollar and now trades at $0.0732 or 0.00000122 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,959,149,269 coins and its circulating supply is 5,595,794,611 coins. TerraClassicUSD’s official website is terra.money. The official message board for TerraClassicUSD is medium.com/terra-money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here.

According to CryptoCompare, “TerraClassicUSD (USTC) is a digital asset built on the Terra blockchain and created due to the de-pegging of TerraUSD (UST) from the US dollar. USTC is designed to provide users with a digital asset that maintains a value relative to a basket of assets, including the US Dollar and other stablecoins. It is issued and managed by Terraform Labs and provides an easy and secure way to transfer value within the Terra network. In early May 2022, the price of Terra’s LUNA and UST tokens began to plummet, leading to the collapse of both tokens and the Terra network. To protect users, Terraform Labs moved users’ UST tokens to the Terra Classic wallet, exchanging them for USTC tokens, and providing more market liquidity.”

Buying and Selling TerraClassicUSD

It is usually not currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView