TerraClassicUSD Price Up 25.4% This Week (USTC)

TerraClassicUSD (USTC) traded down 11% against the dollar during the 24-hour period ending at 11:00 AM E.T. on September 30th. One TerraClassicUSD coin can currently be bought for $0.0222 or 0.00000035 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a market cap of $129.28 million and approximately $90.58 million worth of TerraClassicUSD was traded on exchanges in the last day. Over the last seven days, TerraClassicUSD has traded up 25.4% against the dollar.

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

• Avalanche (AVAX) traded down 1% against the dollar and now trades at $28.31 or 0.00044307 BTC.
• NEAR Protocol (NEAR) traded down 2.3% against the dollar and now trades at $5.37 or 0.00008402 BTC.
• Internet Computer (ICP) traded down 3.9% against the dollar and now trades at $9.21 or 0.00014419 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.0850 or 0.00000133 BTC.
• Hedera (HBAR) traded down 2.2% against the dollar and now trades at $0.0593 or 0.00000093 BTC.
• Cosmos (ATOM) traded 4.4% lower against the dollar and now trades at $4.85 or 0.00007593 BTC.
• Fetch.ai (FET) traded 2.2% lower against the dollar and now trades at $1.57 or 0.00002462 BTC.
• Algorand (ALGO) traded down 2.8% against the dollar and now trades at $0.14 or 0.00000213 BTC.
• Akash Network (AKT) traded 2.1% lower against the dollar and now trades at $2.84 or 0.00004462 BTC.
• Theta Fuel (TFUEL) traded down 3.3% against the dollar and now trades at $0.0674 or 0.00000105 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,190,152,980 coins and its circulating supply is 5,830,472,625 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is terra.money. TerraClassicUSD’s official message board is medium.com/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 purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView