TerraClassicUSD (USTC) Hits 24 Hour Trading Volume of $12.56 Million

TerraClassicUSD (USTC) traded 0.8% higher against the U.S. dollar during the 1 day period ending at 16:00 PM Eastern on May 4th. During the last week, TerraClassicUSD has traded 5.5% higher against the U.S. dollar. TerraClassicUSD has a total market capitalization of $177.07 million and $12.56 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can now be bought for about $0.0198 or 0.00000031 BTC on cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 6% higher against the dollar and now trades at $37.30 or 0.00058311 BTC.
• NEAR Protocol (NEAR) traded up 1.1% against the dollar and now trades at $6.90 or 0.00010784 BTC.
• Internet Computer (ICP) traded down 2.9% against the dollar and now trades at $13.35 or 0.00020869 BTC.
• Hedera (HBAR) traded down 3.2% against the dollar and now trades at $0.11 or 0.00000171 BTC.
• Cronos (CRO) traded up 1.2% against the dollar and now trades at $0.13 or 0.00000210 BTC.
• Cosmos (ATOM) traded down 0.5% against the dollar and now trades at $8.75 or 0.00013685 BTC.
• Fetch.ai (FET) traded up 2.6% against the dollar and now trades at $2.19 or 0.00003426 BTC.
• Algorand (ALGO) traded 1.6% higher against the dollar and now trades at $0.20 or 0.00000306 BTC.
• Akash Network (AKT) traded up 2.2% against the dollar and now trades at $4.32 or 0.00006788 BTC.
• Kava (KAVA) traded up 1% against the dollar and now trades at $0.69 or 0.00001074 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,632,243 coins and its circulating supply is 8,949,699,844 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. 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.”

Buying and Selling TerraClassicUSD

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