TerraClassicUSD Tops 24-Hour Trading Volume of $28.52 Million (USTC)

TerraClassicUSD (USTC) traded down 1.2% against the US dollar during the 24 hour period ending at 21:00 PM Eastern on April 26th. One TerraClassicUSD coin can now be purchased for about $0.0185 or 0.00000030 BTC on popular exchanges. TerraClassicUSD has a total market capitalization of $165.56 million and approximately $28.52 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last seven days, TerraClassicUSD has traded up 7.3% against the US dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 4.6% lower against the dollar and now trades at $33.49 or 0.00053416 BTC.
• NEAR Protocol (NEAR) traded down 4.1% against the dollar and now trades at $6.90 or 0.00010999 BTC.
• Internet Computer (ICP) traded 6.2% lower against the dollar and now trades at $12.84 or 0.00020479 BTC.
• Hedera (HBAR) traded 7.7% lower against the dollar and now trades at $0.11 or 0.00000170 BTC.
• Cronos (CRO) traded 4.9% lower against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $8.18 or 0.00013041 BTC.
• Fetch.ai (FET) traded down 6.8% against the dollar and now trades at $2.10 or 0.00003355 BTC.
• Algorand (ALGO) traded up 0.6% against the dollar and now trades at $0.20 or 0.00000311 BTC.
• Akash Network (AKT) traded 6.8% lower against the dollar and now trades at $4.59 or 0.00007190 BTC.
• Kava (KAVA) traded down 2.2% against the dollar and now trades at $0.69 or 0.00001093 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,921,213 coins and its circulating supply is 8,950,039,661 coins. TerraClassicUSD’s official website is terra.money. 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.

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 US dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. 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