TerraClassicUSD Hits Market Capitalization of $88.76 Million (USTC)

TerraClassicUSD (USTC) traded 0.7% higher against the dollar during the one day period ending at 23:00 PM E.T. on July 10th. During the last seven days, TerraClassicUSD has traded 3.1% lower against the dollar. One TerraClassicUSD coin can currently be bought for approximately $0.0159 or 0.00000028 BTC on cryptocurrency exchanges. TerraClassicUSD has a market capitalization of $88.76 million and $7.74 million worth of TerraClassicUSD was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 5.3% lower against the dollar and now trades at $25.30 or 0.00044093 BTC.
• NEAR Protocol (NEAR) traded 0.5% higher against the dollar and now trades at $4.56 or 0.00007955 BTC.
• Internet Computer (ICP) traded down 0.1% against the dollar and now trades at $7.18 or 0.00012516 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.0660 or 0.00000115 BTC.
• Cosmos (ATOM) traded up 1.7% against the dollar and now trades at $6.04 or 0.00010529 BTC.
• Cronos (CRO) traded down 1.4% against the dollar and now trades at $0.0844 or 0.00000147 BTC.
• Fetch.ai (FET) traded 2.4% lower against the dollar and now trades at $1.18 or 0.00002053 BTC.
• Algorand (ALGO) traded 0.6% higher against the dollar and now trades at $0.14 or 0.00000241 BTC.
• Akash Network (AKT) traded down 0.1% against the dollar and now trades at $3.55 or 0.00006158 BTC.
• Theta Fuel (TFUEL) traded 0.3% higher against the dollar and now trades at $0.0660 or 0.00000115 BTC.

TerraClassicUSD Profile

USTC uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,929,398 coins and its circulating supply is 5,579,976,346 coins. The official website for TerraClassicUSD is terra.money. TerraClassicUSD’s official message board 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.”

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 Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView