TerraClassicUSD Achieves Market Capitalization of $73.62 Million (USTC)

TerraClassicUSD (USTC) traded up 0.1% against the dollar during the 1-day period ending at 11:00 AM ET on March 26th. Over the last week, TerraClassicUSD has traded up 1.5% against the dollar. One TerraClassicUSD coin can currently be purchased for $0.0133 or 0.00000015 BTC on exchanges. TerraClassicUSD has a total market capitalization of $73.62 million and approximately $5.59 million worth of TerraClassicUSD was traded on exchanges in the last day.

Here is how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $22.15 or 0.00025520 BTC.
• Hedera (HBAR) traded down 2.8% against the dollar and now trades at $0.19 or 0.00000222 BTC.
• NEAR Protocol (NEAR) traded 0.5% lower against the dollar and now trades at $3.00 or 0.00003452 BTC.
• Internet Computer (ICP) traded 0.5% higher against the dollar and now trades at $6.15 or 0.00007085 BTC.
• Cronos (CRO) traded 0.5% lower against the dollar and now trades at $0.10 or 0.00000119 BTC.
• Cosmos (ATOM) traded 1.1% higher against the dollar and now trades at $4.91 or 0.00005654 BTC.
• Algorand (ALGO) traded 1.7% lower against the dollar and now trades at $0.21 or 0.00000239 BTC.
• Fetch.ai (FET) traded 1.5% lower against the dollar and now trades at $0.56 or 0.00000642 BTC.
• Kava (KAVA) traded down 1.6% against the dollar and now trades at $0.47 or 0.00000546 BTC.
• Akash Network (AKT) traded down 4.3% against the dollar and now trades at $1.37 or 0.00001580 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 7,869,208,930 coins and its circulating supply is 5,554,245,032 coins. The official website for TerraClassicUSD is commonwealth.im/terra-luna-classic-lunc. 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.

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 currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView