TerraClassicUSD Hits One Day Volume of $5.44 Million (USTC)

TerraClassicUSD (USTC) traded down 4.1% against the dollar during the one day period ending at 9:00 AM ET on August 4th. One TerraClassicUSD coin can currently be purchased for approximately $0.0158 or 0.00000026 BTC on major exchanges. Over the last seven days, TerraClassicUSD has traded 19.5% lower against the dollar. TerraClassicUSD has a market cap of $88.29 million and approximately $5.44 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded down 6.2% against the dollar and now trades at $22.53 or 0.00036991 BTC.
• NEAR Protocol (NEAR) traded 4.2% lower against the dollar and now trades at $4.41 or 0.00007238 BTC.
• Internet Computer (ICP) traded down 4.9% against the dollar and now trades at $7.85 or 0.00012889 BTC.
• Cronos (CRO) traded down 3.9% against the dollar and now trades at $0.0813 or 0.00000133 BTC.
• Hedera (HBAR) traded 1.7% lower against the dollar and now trades at $0.0581 or 0.00000095 BTC.
• Cosmos (ATOM) traded 5.4% lower against the dollar and now trades at $5.05 or 0.00008300 BTC.
• Fetch.ai (FET) traded down 7.2% against the dollar and now trades at $0.99 or 0.00001630 BTC.
• Algorand (ALGO) traded 3.9% lower against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Akash Network (AKT) traded down 6% against the dollar and now trades at $2.39 or 0.00003923 BTC.
• Theta Fuel (TFUEL) traded down 5.2% against the dollar and now trades at $0.0565 or 0.00000093 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,958,294,525 coins and its circulating supply is 5,579,222,352 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. TerraClassicUSD’s official website 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 possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Coinbase. 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