TerraClassicUSD Reaches Market Capitalization of $124.90 Million (USTC)

TerraClassicUSD (USTC) traded down 2.9% against the U.S. dollar during the 1 day period ending at 14:00 PM E.T. on October 15th. One TerraClassicUSD coin can now be bought for approximately $0.0214 or 0.00000032 BTC on popular exchanges. During the last week, TerraClassicUSD has traded 0.5% higher against the U.S. dollar. TerraClassicUSD has a total market capitalization of $124.90 million and $14.95 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 2.4% against the dollar and now trades at $28.41 or 0.00042435 BTC.
  • NEAR Protocol (NEAR) traded up 2.1% against the dollar and now trades at $5.11 or 0.00007631 BTC.
  • Internet Computer (ICP) traded 3.7% lower against the dollar and now trades at $8.02 or 0.00011985 BTC.
  • Hedera (HBAR) traded up 7.5% against the dollar and now trades at $0.0568 or 0.00000085 BTC.
  • Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.0777 or 0.00000116 BTC.
  • Cosmos (ATOM) traded 0.5% higher against the dollar and now trades at $4.53 or 0.00006760 BTC.
  • Fetch.ai (FET) traded 2.8% lower against the dollar and now trades at $1.47 or 0.00002190 BTC.
  • Algorand (ALGO) traded 1% higher against the dollar and now trades at $0.13 or 0.00000190 BTC.
  • Akash Network (AKT) traded down 1.1% against the dollar and now trades at $2.51 or 0.00003759 BTC.
  • Kava (KAVA) traded up 9.3% against the dollar and now trades at $0.39 or 0.00000577 BTC.

TerraClassicUSD Coin Profile

USTC uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,466,716 coins and its circulating supply is 5,830,156,089 coins. The official website for TerraClassicUSD is terraclassic.co.uk. The official message board for TerraClassicUSD is medium.com/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 US dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the exchanges listed above.

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