TerraClassicUSD Market Capitalization Tops $99.66 Million (USTC)

TerraClassicUSD (USTC) traded 1.5% lower against the dollar during the 1-day period ending at 12:00 PM Eastern on June 29th. One TerraClassicUSD coin can currently be bought for about $0.0178 or 0.00000029 BTC on exchanges. In the last seven days, TerraClassicUSD has traded 0.2% lower against the dollar. TerraClassicUSD has a market capitalization of $99.66 million and approximately $7.20 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 1.9% lower against the dollar and now trades at $27.75 or 0.00045577 BTC.
• NEAR Protocol (NEAR) traded down 2.2% against the dollar and now trades at $4.99 or 0.00008203 BTC.
• Internet Computer (ICP) traded down 2.1% against the dollar and now trades at $7.99 or 0.00013131 BTC.
• Hedera (HBAR) traded 2.3% lower against the dollar and now trades at $0.0766 or 0.00000126 BTC.
• Cosmos (ATOM) traded 2.8% lower against the dollar and now trades at $6.72 or 0.00011042 BTC.
• Cronos (CRO) traded 1.3% lower against the dollar and now trades at $0.0907 or 0.00000149 BTC.
• Fetch.ai (FET) traded 4.4% lower against the dollar and now trades at $1.39 or 0.00002287 BTC.
• Algorand (ALGO) traded down 1.7% against the dollar and now trades at $0.14 or 0.00000231 BTC.
• Akash Network (AKT) traded 0.7% lower against the dollar and now trades at $3.54 or 0.00005818 BTC.
• Theta Fuel (TFUEL) traded 3% lower against the dollar and now trades at $0.0743 or 0.00000122 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,959,208,557 coins and its circulating supply is 5,595,868,744 coins. The official website for TerraClassicUSD is terra.money. 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.

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 possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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