TerraClassicUSD (USTC) Price Hits $0.0160 on Exchanges

TerraClassicUSD (USTC) traded down 0.4% against the dollar during the 1-day period ending at 14:00 PM ET on July 12th. TerraClassicUSD has a market capitalization of $89.35 million and approximately $14.67 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be bought for $0.0160 or 0.00000027 BTC on popular exchanges. In the last week, TerraClassicUSD has traded up 11.7% against the dollar.

Here is how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded up 0.3% against the dollar and now trades at $25.66 or 0.00043925 BTC.
• NEAR Protocol (NEAR) traded up 2.1% against the dollar and now trades at $5.15 or 0.00008809 BTC.
• Internet Computer (ICP) traded down 2.6% against the dollar and now trades at $7.35 or 0.00012588 BTC.
• Hedera (HBAR) traded up 0.3% against the dollar and now trades at $0.0674 or 0.00000115 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $6.09 or 0.00010430 BTC.
• Cronos (CRO) traded 2.5% higher against the dollar and now trades at $0.0884 or 0.00000151 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $1.16 or 0.00001978 BTC.
• Algorand (ALGO) traded 1.4% lower against the dollar and now trades at $0.14 or 0.00000235 BTC.
• Akash Network (AKT) traded 3.3% lower against the dollar and now trades at $3.30 or 0.00005669 BTC.
• Theta Fuel (TFUEL) traded 1.1% higher against the dollar and now trades at $0.0674 or 0.00000115 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,912,446 coins and its circulating supply is 5,579,955,345 coins. 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. The official website for TerraClassicUSD 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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView