TerraClassicUSD (USTC) Reaches Market Capitalization of $129.08 Million

TerraClassicUSD (USTC) traded 0.7% higher against the U.S. dollar during the twenty-four hour period ending at 21:00 PM ET on October 24th. One TerraClassicUSD coin can now be purchased for $0.0221 or 0.00000033 BTC on major exchanges. TerraClassicUSD has a market capitalization of $129.08 million and approximately $8.08 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last seven days, TerraClassicUSD has traded up 6.1% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 0.6% against the dollar and now trades at $26.69 or 0.00039264 BTC.
• NEAR Protocol (NEAR) traded 0.3% higher against the dollar and now trades at $4.68 or 0.00006885 BTC.
• Internet Computer (ICP) traded up 0.9% against the dollar and now trades at $8.35 or 0.00012288 BTC.
• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.0757 or 0.00000111 BTC.
• Hedera (HBAR) traded 0.5% lower against the dollar and now trades at $0.0511 or 0.00000075 BTC.
• Cosmos (ATOM) traded up 4% against the dollar and now trades at $4.81 or 0.00007082 BTC.
• Fetch.ai (FET) traded 0.4% higher against the dollar and now trades at $1.33 or 0.00001961 BTC.
• Algorand (ALGO) traded up 0.1% against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded down 0.5% against the dollar and now trades at $2.45 or 0.00003590 BTC.
• Theta Fuel (TFUEL) traded up 0.3% against the dollar and now trades at $0.0588 or 0.00000087 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,143,141,764 coins and its circulating supply is 5,829,777,706 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. TerraClassicUSD’s official website 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.”

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 Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView