TerraClassicUSD (USTC) Hits Market Cap of $253.76 Million

TerraClassicUSD (USTC) traded down 3.8% against the U.S. dollar during the 1-day period ending at 21:00 PM E.T. on March 29th. One TerraClassicUSD coin can currently be purchased for approximately $0.0283 or 0.00000041 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a total market cap of $253.76 million and approximately $12.38 million worth of TerraClassicUSD was traded on exchanges in the last day. Over the last week, TerraClassicUSD has traded up 1% against the U.S. dollar.

Here’s how other cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded down 1.3% against the dollar and now trades at $53.52 or 0.00076525 BTC.
• Internet Computer (ICP) traded down 5.4% against the dollar and now trades at $17.55 or 0.00025090 BTC.
• NEAR Protocol (NEAR) traded 2% lower against the dollar and now trades at $6.99 or 0.00009992 BTC.
• Cosmos (ATOM) traded up 2% against the dollar and now trades at $12.44 or 0.00017786 BTC.
• Cronos (CRO) traded 0.3% higher against the dollar and now trades at $0.15 or 0.00000220 BTC.
• Hedera (HBAR) traded up 0.1% against the dollar and now trades at $0.12 or 0.00000165 BTC.
• Fetch.ai (FET) traded 6.2% lower against the dollar and now trades at $3.07 or 0.00004385 BTC.
• Algorand (ALGO) traded 1.1% lower against the dollar and now trades at $0.27 or 0.00000383 BTC.
• Akash Network (AKT) traded down 2.7% against the dollar and now trades at $5.18 or 0.00007411 BTC.
• Kava (KAVA) traded up 5.2% against the dollar and now trades at $1.05 or 0.00001505 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,964,790,176 coins and its circulating supply is 8,953,406,324 coins. The official message board for TerraClassicUSD is medium.com/terra-money. TerraClassicUSD’s official website is terra.money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here.

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 presently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView