TerraClassicUSD Reaches Market Capitalization of $152.41 Million (USTC)

TerraClassicUSD (USTC) traded 0.5% higher against the US dollar during the 1-day period ending at 22:00 PM E.T. on April 16th. TerraClassicUSD has a market cap of $152.41 million and $21.54 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can now be purchased for $0.0170 or 0.00000027 BTC on popular exchanges. In the last seven days, TerraClassicUSD has traded down 32.5% against the US dollar.

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

• Avalanche (AVAX) traded down 1.1% against the dollar and now trades at $34.57 or 0.00054008 BTC.
• NEAR Protocol (NEAR) traded up 5.4% against the dollar and now trades at $5.44 or 0.00008500 BTC.
• Internet Computer (ICP) traded 1% lower against the dollar and now trades at $12.20 or 0.00019057 BTC.
• Cronos (CRO) traded 1% lower against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded 0.3% higher against the dollar and now trades at $8.15 or 0.00012730 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0797 or 0.00000124 BTC.
• Fetch.ai (FET) traded 0.1% lower against the dollar and now trades at $2.04 or 0.00003194 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.17 or 0.00000270 BTC.
• Akash Network (AKT) traded 12.2% higher against the dollar and now trades at $4.00 or 0.00006256 BTC.
• Kava (KAVA) traded 0.3% lower against the dollar and now trades at $0.64 or 0.00001002 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,962,360,733 coins and its circulating supply is 8,950,555,222 coins. The official website for TerraClassicUSD is terra.money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. 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.”

TerraClassicUSD Coin Trading

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

USTC/USD price chart by TradingView