TerraClassicUSD (USTC) Hits Market Capitalization of $93.79 Million

TerraClassicUSD (USTC) traded 5.3% lower against the U.S. dollar during the 24-hour period ending at 14:00 PM Eastern on August 30th. Over the last week, TerraClassicUSD has traded 11.2% lower against the U.S. dollar. TerraClassicUSD has a total market cap of $93.79 million and $5.59 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be purchased for about $0.0161 or 0.00000027 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 4.6% lower against the dollar and now trades at $22.82 or 0.00038867 BTC.
• NEAR Protocol (NEAR) traded 7.9% lower against the dollar and now trades at $4.03 or 0.00006873 BTC.
• Internet Computer (ICP) traded down 6.9% against the dollar and now trades at $7.45 or 0.00012692 BTC.
• Cronos (CRO) traded 2.5% lower against the dollar and now trades at $0.0802 or 0.00000137 BTC.
• Hedera (HBAR) traded 2.4% lower against the dollar and now trades at $0.0505 or 0.00000086 BTC.
• Cosmos (ATOM) traded 2.8% lower against the dollar and now trades at $4.55 or 0.00007754 BTC.
• Fetch.ai (FET) traded down 5.5% against the dollar and now trades at $1.11 or 0.00001894 BTC.
• Algorand (ALGO) traded down 4% against the dollar and now trades at $0.12 or 0.00000213 BTC.
• Akash Network (AKT) traded down 1.4% against the dollar and now trades at $2.55 or 0.00004361 BTC.
• Theta Fuel (TFUEL) traded 3.9% lower against the dollar and now trades at $0.0566 or 0.00000096 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,956,555,963 coins and its circulating supply is 5,843,080,495 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is 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 trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. 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