TerraClassicUSD (USTC) Achieves Market Cap of $143.36 Million

TerraClassicUSD (USTC) traded 15.7% lower against the US dollar during the one day period ending at 22:00 PM ET on April 13th. One TerraClassicUSD coin can currently be purchased for $0.0160 or 0.00000025 BTC on popular exchanges. TerraClassicUSD has a market capitalization of $143.36 million and approximately $65.86 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last week, TerraClassicUSD has traded down 38% against the US dollar.

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

• Avalanche (AVAX) traded down 11.8% against the dollar and now trades at $33.60 or 0.00052888 BTC.
• Internet Computer (ICP) traded down 8.8% against the dollar and now trades at $12.08 or 0.00019019 BTC.
• NEAR Protocol (NEAR) traded 9.6% lower against the dollar and now trades at $5.06 or 0.00007971 BTC.
• Cronos (CRO) traded 8.9% lower against the dollar and now trades at $0.12 or 0.00000192 BTC.
• Cosmos (ATOM) traded 12% lower against the dollar and now trades at $7.94 or 0.00012490 BTC.
• Hedera (HBAR) traded down 10.6% against the dollar and now trades at $0.0759 or 0.00000119 BTC.
• Fetch.ai (FET) traded down 6.4% against the dollar and now trades at $1.93 or 0.00003045 BTC.
• Algorand (ALGO) traded 10.9% lower against the dollar and now trades at $0.16 or 0.00000260 BTC.
• Akash Network (AKT) traded down 9.2% against the dollar and now trades at $3.46 or 0.00005363 BTC.
• Kava (KAVA) traded down 17.3% against the dollar and now trades at $0.62 or 0.00000974 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,962,424,688 coins and its circulating supply is 8,950,632,458 coins. The official website for TerraClassicUSD is terra.money. The official message board for TerraClassicUSD is medium.com/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 possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. 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