TerraClassicUSD Hits Market Capitalization of $88.98 Million (USTC)

TerraClassicUSD (USTC) traded up 0.7% against the dollar during the 24 hour period ending at 0:00 AM ET on August 12th. TerraClassicUSD has a total market capitalization of $88.98 million and $8.11 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be purchased for approximately $0.0159 or 0.00000027 BTC on popular exchanges. Over the last week, TerraClassicUSD has traded 11.1% higher against the dollar.

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

• Avalanche (AVAX) traded up 0.9% against the dollar and now trades at $20.83 or 0.00035221 BTC.
• NEAR Protocol (NEAR) traded up 2.5% against the dollar and now trades at $3.99 or 0.00006753 BTC.
• Internet Computer (ICP) traded 1.9% higher against the dollar and now trades at $7.08 or 0.00011971 BTC.
• Cronos (CRO) traded 0.4% higher against the dollar and now trades at $0.0876 or 0.00000148 BTC.
• Cosmos (ATOM) traded down 0.4% against the dollar and now trades at $4.96 or 0.00008378 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.0529 or 0.00000089 BTC.
• Algorand (ALGO) traded 1.8% higher against the dollar and now trades at $0.12 or 0.00000200 BTC.
• Fetch.ai (FET) traded up 1.8% against the dollar and now trades at $0.84 or 0.00001414 BTC.
• Akash Network (AKT) traded 0.3% higher against the dollar and now trades at $2.61 or 0.00004419 BTC.
• Theta Fuel (TFUEL) traded 1.3% higher against the dollar and now trades at $0.0563 or 0.00000095 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,958,054,329 coins and its circulating supply is 5,578,940,485 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 presently 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 Coinbase, Changelly or GDAX. 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