TerraClassicUSD Reaches One Day Trading Volume of $6.00 Million (USTC)

TerraClassicUSD (USTC) traded 2.8% lower against the U.S. dollar during the 1-day period ending at 16:00 PM E.T. on September 20th. One TerraClassicUSD coin can currently be purchased for $0.0175 or 0.00000028 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a market cap of $101.94 million and $6.00 million worth of TerraClassicUSD was traded on exchanges in the last day. Over the last week, TerraClassicUSD has traded 1.6% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded up 2.5% against the dollar and now trades at $27.20 or 0.00043326 BTC.
• NEAR Protocol (NEAR) traded 2.2% lower against the dollar and now trades at $4.36 or 0.00006939 BTC.
• Internet Computer (ICP) traded up 2.7% against the dollar and now trades at $8.37 or 0.00013334 BTC.
• Cronos (CRO) traded 0.9% higher against the dollar and now trades at $0.0826 or 0.00000132 BTC.
• Hedera (HBAR) traded down 0.6% against the dollar and now trades at $0.0518 or 0.00000082 BTC.
• Cosmos (ATOM) traded 0.3% lower against the dollar and now trades at $4.51 or 0.00007182 BTC.
• Fetch.ai (FET) traded 7.4% higher against the dollar and now trades at $1.61 or 0.00002568 BTC.
• Algorand (ALGO) traded down 0.3% against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Akash Network (AKT) traded 1.2% lower against the dollar and now trades at $2.65 or 0.00004204 BTC.
• Theta Fuel (TFUEL) traded up 0.7% against the dollar and now trades at $0.0633 or 0.00000101 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,916,838,226 coins and its circulating supply is 5,838,284,672 coins. 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. TerraClassicUSD’s official website is terra.money.

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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView