TerraClassicUSD Market Cap Tops $90.25 Million (USTC)

TerraClassicUSD (USTC) traded up 1.3% against the dollar during the 1-day period ending at 9:00 AM ET on August 19th. One TerraClassicUSD coin can now be purchased for approximately $0.0162 or 0.00000028 BTC on exchanges. TerraClassicUSD has a total market capitalization of $90.25 million and approximately $7.01 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. During the last seven days, TerraClassicUSD has traded 0.2% lower against the dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 2.2% lower against the dollar and now trades at $20.80 or 0.00035387 BTC.
• NEAR Protocol (NEAR) traded 3.4% lower against the dollar and now trades at $3.92 or 0.00006670 BTC.
• Internet Computer (ICP) traded 3.3% lower against the dollar and now trades at $7.10 or 0.00012073 BTC.
• Cronos (CRO) traded down 3.7% against the dollar and now trades at $0.0852 or 0.00000145 BTC.
• Hedera (HBAR) traded 1% lower against the dollar and now trades at $0.0535 or 0.00000091 BTC.
• Cosmos (ATOM) traded down 2.2% against the dollar and now trades at $4.60 or 0.00007832 BTC.
• Algorand (ALGO) traded 0.8% higher against the dollar and now trades at $0.12 or 0.00000206 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $0.83 or 0.00001404 BTC.
• Akash Network (AKT) traded down 5% against the dollar and now trades at $2.43 or 0.00004157 BTC.
• Theta Fuel (TFUEL) traded 1.7% lower against the dollar and now trades at $0.0550 or 0.00000094 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,957,913,539 coins and its circulating supply is 5,578,765,867 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is 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 possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView