TerraClassicUSD Hits Market Capitalization of $229.01 Million (USTC)

TerraClassicUSD (USTC) traded 3.1% higher against the U.S. dollar during the one day period ending at 20:00 PM ET on April 3rd. One TerraClassicUSD coin can now be bought for approximately $0.0256 or 0.00000039 BTC on popular exchanges. TerraClassicUSD has a market cap of $229.01 million and approximately $12.03 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last week, TerraClassicUSD has traded 9.7% lower against the U.S. dollar.

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

  • Avalanche (AVAX) traded 1.3% higher against the dollar and now trades at $46.48 or 0.00070115 BTC.
  • Internet Computer (ICP) traded 4.3% higher against the dollar and now trades at $18.39 or 0.00027735 BTC.
  • NEAR Protocol (NEAR) traded 8.5% higher against the dollar and now trades at $6.62 or 0.00009985 BTC.
  • Cosmos (ATOM) traded 0.7% higher against the dollar and now trades at $10.89 or 0.00016429 BTC.
  • Cronos (CRO) traded up 3.4% against the dollar and now trades at $0.14 or 0.00000216 BTC.
  • Hedera (HBAR) traded up 1.7% against the dollar and now trades at $0.10 or 0.00000156 BTC.
  • Fetch.ai (FET) traded 0.4% higher against the dollar and now trades at $2.62 or 0.00003947 BTC.
  • Algorand (ALGO) traded up 2% against the dollar and now trades at $0.23 or 0.00000353 BTC.
  • Akash Network (AKT) traded 6.3% lower against the dollar and now trades at $4.36 or 0.00006583 BTC.
  • Kava (KAVA) traded 1.8% higher against the dollar and now trades at $0.91 or 0.00001371 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,963,599,821 coins and its circulating supply is 8,952,174,546 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.”

Buying and Selling TerraClassicUSD

It is usually not presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

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