TerraClassicUSD (USTC) Trading 8.9% Higher This Week

TerraClassicUSD (USTC) traded down 1.4% against the U.S. dollar during the one day period ending at 7:00 AM E.T. on April 22nd. One TerraClassicUSD coin can now be bought for approximately $0.0200 or 0.00000030 BTC on major cryptocurrency exchanges. TerraClassicUSD has a market capitalization of $179.44 million and $19.87 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last seven days, TerraClassicUSD has traded up 8.9% against the U.S. dollar.

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

• Avalanche (AVAX) traded up 4.4% against the dollar and now trades at $39.38 or 0.00059716 BTC.
• NEAR Protocol (NEAR) traded up 8.4% against the dollar and now trades at $6.87 or 0.00010413 BTC.
• Internet Computer (ICP) traded 0.8% lower against the dollar and now trades at $15.37 or 0.00023310 BTC.
• Cronos (CRO) traded up 1.2% against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded 2.5% higher against the dollar and now trades at $8.91 or 0.00013517 BTC.
• Hedera (HBAR) traded down 0.1% against the dollar and now trades at $0.0905 or 0.00000137 BTC.
• Fetch.ai (FET) traded down 0.5% against the dollar and now trades at $2.45 or 0.00003717 BTC.
• Algorand (ALGO) traded 1.1% higher against the dollar and now trades at $0.19 or 0.00000292 BTC.
• Akash Network (AKT) traded up 1.6% against the dollar and now trades at $4.14 or 0.00006260 BTC.
• Kava (KAVA) traded up 1.8% against the dollar and now trades at $0.73 or 0.00001114 BTC.

About TerraClassicUSD

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,962,137,838 coins and its circulating supply is 8,950,298,500 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 currently 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 Gemini, Changelly or Coinbase. 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