TerraClassicUSD Achieves Market Capitalization of $117.08 Million (USTC)

TerraClassicUSD (USTC) traded up 2.1% against the US dollar during the 24-hour period ending at 10:00 AM Eastern on January 5th. One TerraClassicUSD coin can currently be purchased for about $0.0210 or 0.00000021 BTC on popular exchanges. TerraClassicUSD has a total market cap of $117.08 million and $9.02 million worth of TerraClassicUSD was traded on exchanges in the last day. During the last week, TerraClassicUSD has traded up 4.1% against the US dollar.

Here is how related cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 1.7% higher against the dollar and now trades at $41.89 or 0.00042686 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.30 or 0.00000307 BTC.
• NEAR Protocol (NEAR) traded down 0.6% against the dollar and now trades at $5.74 or 0.00005845 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $12.10 or 0.00012330 BTC.
• Cronos (CRO) traded up 0.3% against the dollar and now trades at $0.16 or 0.00000163 BTC.
• Fetch.ai (FET) traded up 0.5% against the dollar and now trades at $1.49 or 0.00001515 BTC.
• Algorand (ALGO) traded 0.3% lower against the dollar and now trades at $0.41 or 0.00000416 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $7.25 or 0.00007389 BTC.
• Akash Network (AKT) traded 2.3% lower against the dollar and now trades at $3.38 or 0.00003456 BTC.
• Kava (KAVA) traded 2% higher against the dollar and now trades at $0.55 or 0.00000564 BTC.

TerraClassicUSD Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,876,066,398 coins and its circulating supply is 5,562,016,130 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is commonwealth.im/terra-luna-classic-lunc. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here.

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 trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView