TerraClassicUSD (USTC) Reaches Market Capitalization of $127.88 Million

TerraClassicUSD (USTC) traded up 8.1% against the U.S. dollar during the one day period ending at 11:00 AM E.T. on October 27th. One TerraClassicUSD coin can now be bought for $0.0219 or 0.00000032 BTC on popular cryptocurrency exchanges. Over the last seven days, TerraClassicUSD has traded 0.2% lower against the U.S. dollar. TerraClassicUSD has a market capitalization of $127.88 million and $21.13 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 2.3% higher against the dollar and now trades at $25.71 or 0.00038003 BTC.
• NEAR Protocol (NEAR) traded up 1.7% against the dollar and now trades at $4.25 or 0.00006286 BTC.
• Internet Computer (ICP) traded 3.6% higher against the dollar and now trades at $7.85 or 0.00011607 BTC.
• Cronos (CRO) traded 3% higher against the dollar and now trades at $0.0746 or 0.00000110 BTC.
• Hedera (HBAR) traded up 3.6% against the dollar and now trades at $0.0491 or 0.00000073 BTC.
• Cosmos (ATOM) traded up 0.9% against the dollar and now trades at $4.38 or 0.00006480 BTC.
• Fetch.ai (FET) traded 3.4% higher against the dollar and now trades at $1.25 or 0.00001846 BTC.
• Algorand (ALGO) traded 2.7% higher against the dollar and now trades at $0.12 or 0.00000171 BTC.
• Akash Network (AKT) traded 0.3% higher against the dollar and now trades at $2.26 or 0.00003345 BTC.
• Theta Fuel (TFUEL) traded 2.3% higher against the dollar and now trades at $0.0554 or 0.00000082 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,035,857 coins and its circulating supply is 5,829,662,178 coins. TerraClassicUSD’s official website is terraclassic.co.uk. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board 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 currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. 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