TerraClassicUSD Tops 1-Day Trading Volume of $8.02 Million (USTC)

TerraClassicUSD (USTC) traded down 1.3% against the US dollar during the 1-day period ending at 19:00 PM Eastern on February 6th. One TerraClassicUSD coin can now be bought for $0.0250 or 0.00000058 BTC on popular exchanges. During the last week, TerraClassicUSD has traded 1.9% lower against the US dollar. TerraClassicUSD has a total market capitalization of $224.35 million and $8.02 million worth of TerraClassicUSD was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed during the last day:

  • Avalanche (AVAX) traded down 0.7% against the dollar and now trades at $34.15 or 0.00079303 BTC.
  • Internet Computer (ICP) traded 2.4% lower against the dollar and now trades at $12.09 or 0.00028064 BTC.
  • Cosmos (ATOM) traded 0.9% higher against the dollar and now trades at $9.14 or 0.00021226 BTC.
  • NEAR Protocol (NEAR) traded 0.4% higher against the dollar and now trades at $2.74 or 0.00006359 BTC.
  • Hedera (HBAR) traded up 9.7% against the dollar and now trades at $0.0762 or 0.00000177 BTC.
  • Cronos (CRO) traded 0.3% higher against the dollar and now trades at $0.0817 or 0.00000190 BTC.
  • Algorand (ALGO) traded 1.5% higher against the dollar and now trades at $0.16 or 0.00000376 BTC.
  • Kava (KAVA) traded 0.4% higher against the dollar and now trades at $0.69 or 0.00001599 BTC.
  • Akash Network (AKT) traded 1.2% higher against the dollar and now trades at $2.78 or 0.00006432 BTC.
  • Fetch.ai (FET) traded 1.6% higher against the dollar and now trades at $0.53 or 0.00001232 BTC.

TerraClassicUSD Profile

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 9,778,215,782 coins and its circulating supply is 8,969,759,809 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is 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 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 GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

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