TerraClassicUSD (USTC) Reaches Self Reported Market Cap of $29.02 Million

TerraClassicUSD (USTC) traded 3.4% higher against the US dollar during the one day period ending at 7:00 AM Eastern on September 17th. In the last week, TerraClassicUSD has traded up 0.6% against the US dollar. One TerraClassicUSD coin can now be purchased for about $0.0052 or 0.00000007 BTC on exchanges. TerraClassicUSD has a total market capitalization of $29.02 million and approximately $972.28 thousand worth of TerraClassicUSD was traded on exchanges in the last day.

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

• Cronos (CRO) traded 4.6% higher against the dollar and now trades at $0.0580 or 0.00000076 BTC.
• NEAR Protocol (NEAR) traded up 15.5% against the dollar and now trades at $2.82 or 0.00003697 BTC.
• Avalanche (AVAX) traded 4% higher against the dollar and now trades at $7.54 or 0.00009884 BTC.
• Hedera (HBAR) traded up 0.2% against the dollar and now trades at $0.0744 or 0.00000097 BTC.
• Internet Computer (ICP) traded up 1% against the dollar and now trades at $2.55 or 0.00003339 BTC.
• Algorand (ALGO) traded 2.8% higher against the dollar and now trades at $0.0903 or 0.00000118 BTC.
• Cosmos (ATOM) traded 2.3% higher against the dollar and now trades at $1.53 or 0.00002001 BTC.
• Fetch.ai (FET) traded up 4.2% against the dollar and now trades at $0.16 or 0.00000206 BTC.
• Akash Network (AKT) traded up 2.8% against the dollar and now trades at $0.51 or 0.00000666 BTC.
• Kava (KAVA) traded 1.5% higher against the dollar and now trades at $0.0666 or 0.00000087 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 6,076,317,664 coins and its circulating supply is 5,554,306,306 coins. The official website for TerraClassicUSD is www.terra-classic.io. 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.”

Buying and Selling TerraClassicUSD

It is usually not currently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. 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