TerraClassicUSD Trading Down 4% This Week (USTC)

TerraClassicUSD (USTC) traded 2.3% lower against the dollar during the 1-day period ending at 19:00 PM ET on July 28th. During the last seven days, TerraClassicUSD has traded 4% lower against the dollar. TerraClassicUSD has a market cap of $108.94 million and $10.53 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can now be purchased for approximately $0.0195 or 0.00000029 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 4% lower against the dollar and now trades at $27.24 or 0.00040080 BTC.
• NEAR Protocol (NEAR) traded down 6.2% against the dollar and now trades at $5.42 or 0.00007978 BTC.
• Internet Computer (ICP) traded 5.4% lower against the dollar and now trades at $9.27 or 0.00013642 BTC.
• Cosmos (ATOM) traded down 2.6% against the dollar and now trades at $6.20 or 0.00009128 BTC.
• Hedera (HBAR) traded down 3.1% against the dollar and now trades at $0.0672 or 0.00000099 BTC.
• Cronos (CRO) traded down 1.3% against the dollar and now trades at $0.0900 or 0.00000132 BTC.
• Fetch.ai (FET) traded down 4.8% against the dollar and now trades at $1.23 or 0.00001816 BTC.
• Algorand (ALGO) traded 4.5% lower against the dollar and now trades at $0.14 or 0.00000203 BTC.
• Akash Network (AKT) traded 0.2% lower against the dollar and now trades at $3.22 or 0.00004732 BTC.
• Theta Fuel (TFUEL) traded down 1.5% against the dollar and now trades at $0.0688 or 0.00000101 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,409,810 coins and its circulating supply is 5,579,361,053 coins. 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. The official website for TerraClassicUSD 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.”

TerraClassicUSD Coin Trading

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

USTC/USD price chart by TradingView