TerraClassicUSD (USTC) Trading Down 8% This Week

TerraClassicUSD (USTC) traded down 6.8% against the US dollar during the twenty-four hour period ending at 22:00 PM E.T. on March 10th. One TerraClassicUSD coin can now be bought for approximately $0.0335 or 0.00000049 BTC on exchanges. TerraClassicUSD has a market capitalization of $300.22 million and $31.99 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last seven days, TerraClassicUSD has traded down 8% against the US dollar.

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

  • Avalanche (AVAX) traded 4.8% lower against the dollar and now trades at $40.97 or 0.00059783 BTC.
  • NEAR Protocol (NEAR) traded up 1.1% against the dollar and now trades at $6.13 or 0.00008945 BTC.
  • Internet Computer (ICP) traded down 6.4% against the dollar and now trades at $13.81 or 0.00020156 BTC.
  • Cosmos (ATOM) traded 3.2% lower against the dollar and now trades at $13.00 or 0.00018975 BTC.
  • Cronos (CRO) traded down 2.8% against the dollar and now trades at $0.16 or 0.00000233 BTC.
  • Hedera (HBAR) traded down 6.7% against the dollar and now trades at $0.12 or 0.00000179 BTC.
  • Fetch.ai (FET) traded 8% lower against the dollar and now trades at $2.74 or 0.00003992 BTC.
  • Algorand (ALGO) traded down 4.3% against the dollar and now trades at $0.26 or 0.00000374 BTC.
  • Akash Network (AKT) traded 2.9% lower against the dollar and now trades at $6.02 or 0.00008759 BTC.
  • Kava (KAVA) traded up 2.1% against the dollar and now trades at $1.04 or 0.00001521 BTC.

TerraClassicUSD Coin Profile

USTC uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,971,093,452 coins and its circulating supply is 8,959,898,016 coins. TerraClassicUSD’s official message board is medium.com/terra-money. The official website for TerraClassicUSD 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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

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