TerraClassicUSD (USTC) Market Cap Achieves $92.61 Million

TerraClassicUSD (USTC) traded 1.5% higher against the dollar during the 24-hour period ending at 9:00 AM ET on September 6th. One TerraClassicUSD coin can currently be purchased for about $0.0158 or 0.00000028 BTC on exchanges. TerraClassicUSD has a market cap of $92.61 million and approximately $3.52 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last week, TerraClassicUSD has traded 4.2% lower against the dollar.

Here’s how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 0.7% higher against the dollar and now trades at $21.84 or 0.00038469 BTC.
• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $3.78 or 0.00006651 BTC.
• Internet Computer (ICP) traded 0.6% lower against the dollar and now trades at $7.27 or 0.00012808 BTC.
• Cronos (CRO) traded 0.7% lower against the dollar and now trades at $0.0775 or 0.00000136 BTC.
• Hedera (HBAR) traded 0.7% higher against the dollar and now trades at $0.0487 or 0.00000086 BTC.
• Cosmos (ATOM) traded up 0% against the dollar and now trades at $3.97 or 0.00006984 BTC.
• Fetch.ai (FET) traded 0.7% lower against the dollar and now trades at $1.11 or 0.00001950 BTC.
• Algorand (ALGO) traded up 2.2% against the dollar and now trades at $0.12 or 0.00000212 BTC.
• Akash Network (AKT) traded up 0.9% against the dollar and now trades at $2.27 or 0.00004069 BTC.
• Theta Fuel (TFUEL) traded 0% lower against the dollar and now trades at $0.0541 or 0.00000095 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,956,464,050 coins and its circulating supply is 5,842,965,839 coins. TerraClassicUSD’s official website 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.”

Buying and Selling TerraClassicUSD

It is usually not currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX 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