TerraClassicUSD Trading 0.8% Higher This Week (USTC)

TerraClassicUSD (USTC) traded down 0.9% against the US dollar during the 1 day period ending at 0:00 AM Eastern on October 19th. One TerraClassicUSD coin can now be bought for approximately $0.0215 or 0.00000032 BTC on major exchanges. During the last seven days, TerraClassicUSD has traded up 0.8% against the US dollar. TerraClassicUSD has a total market capitalization of $125.50 million and approximately $14.75 million worth of TerraClassicUSD was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $27.82 or 0.00040811 BTC.
• NEAR Protocol (NEAR) traded down 3.7% against the dollar and now trades at $4.73 or 0.00006945 BTC.
• Internet Computer (ICP) traded down 3.1% against the dollar and now trades at $7.97 or 0.00011697 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0773 or 0.00000113 BTC.
• Hedera (HBAR) traded down 0.3% against the dollar and now trades at $0.0523 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $4.41 or 0.00006467 BTC.
• Fetch.ai (FET) traded down 4.5% against the dollar and now trades at $1.37 or 0.00002017 BTC.
• Algorand (ALGO) traded 3.1% lower against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded 0.4% lower against the dollar and now trades at $2.48 or 0.00003630 BTC.
• Theta Fuel (TFUEL) traded 1% lower against the dollar and now trades at $0.0611 or 0.00000090 BTC.

TerraClassicUSD Profile

USTC uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,345,691 coins and its circulating supply is 5,830,018,915 coins. 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. 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 currently 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 exchanges listed above.

USTC/USD price chart by TradingView