TerraClassicUSD (USTC) Hits 1-Day Volume of $50.01 Million

TerraClassicUSD (USTC) traded 14.4% higher against the US dollar during the 1-day period ending at 22:00 PM E.T. on June 16th. TerraClassicUSD has a market cap of $137.90 million and $50.01 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. During the last week, TerraClassicUSD has traded 2.4% higher against the US dollar. One TerraClassicUSD coin can currently be purchased for about $0.0224 or 0.00000034 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded down 0.8% against the dollar and now trades at $29.78 or 0.00044890 BTC.
• NEAR Protocol (NEAR) traded 1.4% higher against the dollar and now trades at $5.63 or 0.00008493 BTC.
• Internet Computer (ICP) traded up 3.8% against the dollar and now trades at $9.42 or 0.00014193 BTC.
• Hedera (HBAR) traded 1.5% higher against the dollar and now trades at $0.0856 or 0.00000129 BTC.
• Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $7.17 or 0.00010812 BTC.
• Cronos (CRO) traded 1.4% lower against the dollar and now trades at $0.0977 or 0.00000147 BTC.
• Fetch.ai (FET) traded up 1.2% against the dollar and now trades at $1.46 or 0.00002201 BTC.
• Algorand (ALGO) traded up 1.4% against the dollar and now trades at $0.15 or 0.00000231 BTC.
• Akash Network (AKT) traded down 2.9% against the dollar and now trades at $3.35 or 0.00005028 BTC.
• Kava (KAVA) traded 1.2% lower against the dollar and now trades at $0.55 or 0.00000826 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,959,766,203 coins and its circulating supply is 6,151,449,708 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for TerraClassicUSD is terra.money. The official message board for TerraClassicUSD 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 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 GDAX, Gemini or Changelly. 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