TerraClassicUSD (USTC) Reaches Market Capitalization of $190.87 Million

TerraClassicUSD (USTC) traded 0.1% lower against the dollar during the 1 day period ending at 20:00 PM ET on May 8th. During the last week, TerraClassicUSD has traded 18.3% higher against the dollar. TerraClassicUSD has a total market cap of $190.87 million and $71.01 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be bought for $0.0213 or 0.00000035 BTC on popular cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 3.3% against the dollar and now trades at $34.06 or 0.00055531 BTC.
• NEAR Protocol (NEAR) traded 3.3% lower against the dollar and now trades at $6.84 or 0.00011157 BTC.
• Internet Computer (ICP) traded down 3.2% against the dollar and now trades at $12.02 or 0.00019594 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• Cosmos (ATOM) traded 1.7% higher against the dollar and now trades at $9.09 or 0.00014824 BTC.
• Cronos (CRO) traded 0.3% lower against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded 8.1% lower against the dollar and now trades at $2.16 or 0.00003518 BTC.
• Algorand (ALGO) traded down 1.8% against the dollar and now trades at $0.19 or 0.00000304 BTC.
• Akash Network (AKT) traded 7% lower against the dollar and now trades at $4.28 or 0.00006975 BTC.
• Theta Fuel (TFUEL) traded up 1.7% against the dollar and now trades at $0.11 or 0.00000178 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,961,374,191 coins and its circulating supply is 8,949,402,326 coins. TerraClassicUSD’s official message board 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.”

TerraClassicUSD Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView