TerraClassicUSD (USTC) Market Cap Reaches $110.28 Million

TerraClassicUSD (USTC) traded down 0.6% against the U.S. dollar during the 24-hour period ending at 20:00 PM E.T. on July 29th. TerraClassicUSD has a market capitalization of $110.28 million and $6.88 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be bought for approximately $0.0198 or 0.00000030 BTC on exchanges. During the last week, TerraClassicUSD has traded 1.4% lower against the U.S. dollar.

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

• Avalanche (AVAX) traded 2.1% lower against the dollar and now trades at $27.06 or 0.00040704 BTC.
• NEAR Protocol (NEAR) traded 4.1% lower against the dollar and now trades at $5.29 or 0.00007960 BTC.
• Internet Computer (ICP) traded 5.7% lower against the dollar and now trades at $8.94 or 0.00013451 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.0672 or 0.00000101 BTC.
• Cosmos (ATOM) traded 1.9% lower against the dollar and now trades at $6.13 or 0.00009213 BTC.
• Cronos (CRO) traded 0.9% lower against the dollar and now trades at $0.0899 or 0.00000135 BTC.
• Fetch.ai (FET) traded down 3.1% against the dollar and now trades at $1.22 or 0.00001837 BTC.
• Algorand (ALGO) traded down 0.2% against the dollar and now trades at $0.14 or 0.00000210 BTC.
• Akash Network (AKT) traded down 1.7% against the dollar and now trades at $3.16 or 0.00004709 BTC.
• Theta Fuel (TFUEL) traded down 1.2% against the dollar and now trades at $0.0689 or 0.00000104 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,400,252 coins and its circulating supply is 5,579,348,860 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website 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 possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView