TerraClassicUSD (USTC) Trading 5.9% Lower Over Last Week

TerraClassicUSD (USTC) traded up 2.5% against the U.S. dollar during the one day period ending at 14:00 PM E.T. on July 26th. One TerraClassicUSD coin can currently be purchased for about $0.0194 or 0.00000029 BTC on popular exchanges. TerraClassicUSD has a market cap of $108.10 million and approximately $6.47 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last week, TerraClassicUSD has traded down 5.9% against the U.S. dollar.

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

• Avalanche (AVAX) traded 5.1% higher against the dollar and now trades at $28.50 or 0.00042198 BTC.
• NEAR Protocol (NEAR) traded 8.8% higher against the dollar and now trades at $5.78 or 0.00008557 BTC.
• Internet Computer (ICP) traded down 2% against the dollar and now trades at $9.59 or 0.00014194 BTC.
• Hedera (HBAR) traded up 4% against the dollar and now trades at $0.0681 or 0.00000101 BTC.
• Cronos (CRO) traded up 1.9% against the dollar and now trades at $0.0911 or 0.00000135 BTC.
• Cosmos (ATOM) traded 5.3% higher against the dollar and now trades at $6.16 or 0.00009124 BTC.
• Fetch.ai (FET) traded 5.5% higher against the dollar and now trades at $1.27 or 0.00001885 BTC.
• Algorand (ALGO) traded 3.8% higher against the dollar and now trades at $0.14 or 0.00000210 BTC.
• Akash Network (AKT) traded up 0.7% against the dollar and now trades at $3.15 or 0.00004680 BTC.
• Kava (KAVA) traded 7.9% higher against the dollar and now trades at $0.42 or 0.00000620 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,443,520 coins and its circulating supply is 5,579,402,232 coins. TerraClassicUSD’s official website is terra.money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official message board for TerraClassicUSD is medium.com/terra-money.

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