TerraClassicUSD (USTC) Price Hits $0.0204

TerraClassicUSD (USTC) traded down 0.8% against the US dollar during the 24 hour period ending at 10:00 AM Eastern on December 28th. TerraClassicUSD has a total market capitalization of $113.24 million and $22.30 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can currently be bought for approximately $0.0204 or 0.00000022 BTC on exchanges. Over the last week, TerraClassicUSD has traded 8% higher against the US dollar.

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

• Avalanche (AVAX) traded 1.4% higher against the dollar and now trades at $37.28 or 0.00039406 BTC.
• Hedera (HBAR) traded 0.8% higher against the dollar and now trades at $0.28 or 0.00000296 BTC.
• NEAR Protocol (NEAR) traded 3.4% higher against the dollar and now trades at $5.23 or 0.00005534 BTC.
• Internet Computer (ICP) traded up 1.6% against the dollar and now trades at $10.40 or 0.00010999 BTC.
• Cronos (CRO) traded down 1.1% against the dollar and now trades at $0.15 or 0.00000157 BTC.
• Fetch.ai (FET) traded 3.4% higher against the dollar and now trades at $1.35 or 0.00001422 BTC.
• Algorand (ALGO) traded up 0.3% against the dollar and now trades at $0.34 or 0.00000357 BTC.
• Cosmos (ATOM) traded up 1.2% against the dollar and now trades at $6.54 or 0.00006910 BTC.
• Akash Network (AKT) traded up 0.1% against the dollar and now trades at $3.04 or 0.00003223 BTC.
• Kava (KAVA) traded up 3.7% against the dollar and now trades at $0.47 or 0.00000502 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 7,876,307,117 coins and its circulating supply is 5,562,291,134 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is terraclassic.co.uk.

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 Coinbase, Gemini or GDAX. 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