TerraClassicUSD (USTC) Market Capitalization Hits $263.75 Million

TerraClassicUSD (USTC) traded 4.6% higher against the US dollar during the 1 day period ending at 21:00 PM ET on March 28th. TerraClassicUSD has a total market capitalization of $263.75 million and $14.19 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can currently be purchased for approximately $0.0295 or 0.00000042 BTC on exchanges. Over the last week, TerraClassicUSD has traded up 5.6% against the US dollar.

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

• Avalanche (AVAX) traded up 1.8% against the dollar and now trades at $54.51 or 0.00076909 BTC.
• Internet Computer (ICP) traded 1.7% lower against the dollar and now trades at $18.14 or 0.00025586 BTC.
• NEAR Protocol (NEAR) traded down 1.8% against the dollar and now trades at $7.15 or 0.00010091 BTC.
• Cosmos (ATOM) traded down 2.3% against the dollar and now trades at $12.26 or 0.00017295 BTC.
• Cronos (CRO) traded 3.9% higher against the dollar and now trades at $0.16 or 0.00000219 BTC.
• Hedera (HBAR) traded 3.5% higher against the dollar and now trades at $0.12 or 0.00000164 BTC.
• Fetch.ai (FET) traded 8.2% higher against the dollar and now trades at $3.29 or 0.00004635 BTC.
• Algorand (ALGO) traded 1.6% higher against the dollar and now trades at $0.27 or 0.00000384 BTC.
• Akash Network (AKT) traded 0.2% higher against the dollar and now trades at $5.32 or 0.00007512 BTC.
• Kava (KAVA) traded up 3.8% against the dollar and now trades at $1.01 or 0.00001418 BTC.

TerraClassicUSD Profile

TerraClassicUSD (USTC) uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,964,821,463 coins and its circulating supply is 8,953,442,345 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is terra.money. The official message board for TerraClassicUSD is medium.com/terra-money.

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 currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView