TerraClassicUSD Achieves Market Capitalization of $99.90 Million (USTC)

TerraClassicUSD (USTC) traded 0.4% lower against the US dollar during the 24-hour period ending at 18:00 PM ET on July 1st. TerraClassicUSD has a total market capitalization of $99.90 million and approximately $6.96 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last week, TerraClassicUSD has traded up 0.8% against the US dollar. One TerraClassicUSD coin can now be bought for $0.0179 or 0.00000028 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded down 0.7% against the dollar and now trades at $28.95 or 0.00046088 BTC.
• NEAR Protocol (NEAR) traded 1.2% lower against the dollar and now trades at $5.27 or 0.00008390 BTC.
• Internet Computer (ICP) traded 0.5% lower against the dollar and now trades at $8.09 or 0.00012873 BTC.
• Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.0765 or 0.00000122 BTC.
• Cosmos (ATOM) traded 1% higher against the dollar and now trades at $6.77 or 0.00010770 BTC.
• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.0914 or 0.00000145 BTC.
• Fetch.ai (FET) traded down 6.1% against the dollar and now trades at $1.32 or 0.00002103 BTC.
• Algorand (ALGO) traded up 1.7% against the dollar and now trades at $0.15 or 0.00000233 BTC.
• Akash Network (AKT) traded 0.7% higher against the dollar and now trades at $3.63 or 0.00005764 BTC.
• Theta Fuel (TFUEL) traded 3% higher against the dollar and now trades at $0.0777 or 0.00000124 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,959,184,099 coins and its circulating supply is 5,595,836,445 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. 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 buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. 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