TerraClassicUSD (USTC) Hits Market Capitalization of $130.08 Million

TerraClassicUSD (USTC) traded down 3.8% against the U.S. dollar during the one day period ending at 23:00 PM E.T. on November 1st. TerraClassicUSD has a market cap of $130.08 million and approximately $22.03 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last week, TerraClassicUSD has traded up 8% against the U.S. dollar. One TerraClassicUSD coin can currently be purchased for about $0.0223 or 0.00000032 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 0.1% lower against the dollar and now trades at $24.91 or 0.00035732 BTC.
• NEAR Protocol (NEAR) traded 1.3% lower against the dollar and now trades at $3.96 or 0.00005685 BTC.
• Internet Computer (ICP) traded up 0.2% against the dollar and now trades at $7.91 or 0.00011340 BTC.
• Fetch.ai (FET) traded down 5.7% against the dollar and now trades at $1.23 or 0.00001766 BTC.
• Cronos (CRO) traded up 1% against the dollar and now trades at $0.0735 or 0.00000105 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.0459 or 0.00000066 BTC.
• Cosmos (ATOM) traded 0.1% lower against the dollar and now trades at $4.20 or 0.00006026 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.12 or 0.00000166 BTC.
• Akash Network (AKT) traded up 1.3% against the dollar and now trades at $2.38 or 0.00003431 BTC.
• Kava (KAVA) traded 0.6% higher against the dollar and now trades at $0.33 or 0.00000469 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,142,797,905 coins and its circulating supply is 5,829,383,688 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 U.S. dollars. Investors seeking to acquire TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView