TerraClassicUSD (USTC) Reaches 24 Hour Volume of $8.88 Million

TerraClassicUSD (USTC) traded up 1.6% against the dollar during the twenty-four hour period ending at 9:00 AM E.T. on October 25th. One TerraClassicUSD coin can now be purchased for approximately $0.0222 or 0.00000033 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a total market capitalization of $129.67 million and $8.88 million worth of TerraClassicUSD was traded on exchanges in the last day. During the last seven days, TerraClassicUSD has traded 5.7% higher against the dollar.

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

• Avalanche (AVAX) traded 0.5% lower against the dollar and now trades at $26.49 or 0.00038898 BTC.
• NEAR Protocol (NEAR) traded 1.1% lower against the dollar and now trades at $4.57 or 0.00006717 BTC.
• Internet Computer (ICP) traded up 2.4% against the dollar and now trades at $8.40 or 0.00012342 BTC.
• Cronos (CRO) traded down 1.4% against the dollar and now trades at $0.0747 or 0.00000110 BTC.
• Hedera (HBAR) traded 1.2% lower against the dollar and now trades at $0.0506 or 0.00000074 BTC.
• Cosmos (ATOM) traded 2.1% higher against the dollar and now trades at $4.74 or 0.00006967 BTC.
• Fetch.ai (FET) traded 1.2% lower against the dollar and now trades at $1.33 or 0.00001947 BTC.
• Algorand (ALGO) traded down 0.1% against the dollar and now trades at $0.12 or 0.00000178 BTC.
• Akash Network (AKT) traded 1.2% lower against the dollar and now trades at $2.40 or 0.00003523 BTC.
• Theta Fuel (TFUEL) traded 2% lower against the dollar and now trades at $0.0577 or 0.00000085 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,135,984 coins and its circulating supply is 5,829,770,280 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official message board for TerraClassicUSD is medium.com/terra-money. The official website for TerraClassicUSD is terraclassic.co.uk.

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.”

Buying and Selling TerraClassicUSD

It is usually not presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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