TerraClassicUSD (USTC) Hits Market Capitalization of $124.90 Million

TerraClassicUSD (USTC) traded 11.3% lower against the dollar during the 1 day period ending at 17:00 PM E.T. on September 30th. Over the last seven days, TerraClassicUSD has traded 21.5% higher against the dollar. One TerraClassicUSD coin can now be purchased for $0.0214 or 0.00000034 BTC on major exchanges. TerraClassicUSD has a total market cap of $124.90 million and approximately $55.67 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 3.8% lower against the dollar and now trades at $28.20 or 0.00044238 BTC.
• NEAR Protocol (NEAR) traded down 1.9% against the dollar and now trades at $5.40 or 0.00008475 BTC.
• Internet Computer (ICP) traded down 6.6% against the dollar and now trades at $9.17 or 0.00014385 BTC.
• Cronos (CRO) traded down 2.6% against the dollar and now trades at $0.0844 or 0.00000132 BTC.
• Hedera (HBAR) traded down 4.8% against the dollar and now trades at $0.0591 or 0.00000093 BTC.
• Cosmos (ATOM) traded 4.9% lower against the dollar and now trades at $4.84 or 0.00007586 BTC.
• Fetch.ai (FET) traded down 3.4% against the dollar and now trades at $1.57 or 0.00002470 BTC.
• Algorand (ALGO) traded down 4.4% against the dollar and now trades at $0.14 or 0.00000214 BTC.
• Akash Network (AKT) traded 5.3% lower against the dollar and now trades at $2.82 or 0.00004431 BTC.
• Theta Fuel (TFUEL) traded 3.3% lower against the dollar and now trades at $0.0673 or 0.00000106 BTC.

TerraClassicUSD Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,190,147,131 coins and its circulating supply is 5,830,465,551 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. The official website for TerraClassicUSD 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.”

TerraClassicUSD Coin Trading

It is usually not 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 Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView