TerraClassicUSD (USTC) Price Tops $0.0154

TerraClassicUSD (USTC) traded down 8.3% against the dollar during the 1 day period ending at 16:00 PM Eastern on August 3rd. During the last week, TerraClassicUSD has traded 22% lower against the dollar. One TerraClassicUSD coin can currently be purchased for about $0.0154 or 0.00000025 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a total market cap of $85.92 million and approximately $7.02 million worth of TerraClassicUSD was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded down 5.3% against the dollar and now trades at $22.57 or 0.00037324 BTC.
• NEAR Protocol (NEAR) traded 8.2% lower against the dollar and now trades at $4.30 or 0.00007118 BTC.
• Internet Computer (ICP) traded down 9.5% against the dollar and now trades at $7.78 or 0.00012871 BTC.
• Cronos (CRO) traded 2.1% lower against the dollar and now trades at $0.0819 or 0.00000136 BTC.
• Hedera (HBAR) traded 5.3% lower against the dollar and now trades at $0.0566 or 0.00000094 BTC.
• Cosmos (ATOM) traded down 6.3% against the dollar and now trades at $5.04 or 0.00008344 BTC.
• Fetch.ai (FET) traded down 10.5% against the dollar and now trades at $0.98 or 0.00001618 BTC.
• Algorand (ALGO) traded 6.4% lower against the dollar and now trades at $0.12 or 0.00000195 BTC.
• Akash Network (AKT) traded down 9.4% against the dollar and now trades at $2.35 or 0.00003904 BTC.
• Theta Fuel (TFUEL) traded down 7% against the dollar and now trades at $0.0572 or 0.00000095 BTC.

TerraClassicUSD Profile

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,958,298,453 coins and its circulating supply is 5,579,227,691 coins. 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. 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 currently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. 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