TerraClassicUSD Price Hits $0.0203 on Exchanges (USTC)

TerraClassicUSD (USTC) traded up 2.5% against the dollar during the 1-day period ending at 15:00 PM E.T. on November 4th. TerraClassicUSD has a total market capitalization of $112.75 million and approximately $16.33 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last seven days, TerraClassicUSD has traded down 5.4% against the dollar. One TerraClassicUSD coin can now be bought for approximately $0.0203 or 0.00000030 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded down 1.2% against the dollar and now trades at $22.97 or 0.00033887 BTC.
• NEAR Protocol (NEAR) traded down 0.3% against the dollar and now trades at $3.63 or 0.00005348 BTC.
• Internet Computer (ICP) traded down 0.8% against the dollar and now trades at $7.06 or 0.00010423 BTC.
• Fetch.ai (FET) traded up 0.3% against the dollar and now trades at $1.13 or 0.00001664 BTC.
• Cronos (CRO) traded 1% lower against the dollar and now trades at $0.0705 or 0.00000104 BTC.
• Hedera (HBAR) traded up 0.5% against the dollar and now trades at $0.0428 or 0.00000063 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $3.93 or 0.00005801 BTC.
• Algorand (ALGO) traded 0.9% higher against the dollar and now trades at $0.11 or 0.00000160 BTC.
• Akash Network (AKT) traded 3.3% lower against the dollar and now trades at $2.16 or 0.00003186 BTC.
• Theta Fuel (TFUEL) traded 1.6% higher against the dollar and now trades at $0.0492 or 0.00000073 BTC.

TerraClassicUSD Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,878,390,289 coins and its circulating supply is 5,564,737,128 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is terraclassic.co.uk. 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 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 GDAX, Coinbase or Gemini. 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