TerraClassicUSD (USTC) Reaches 24-Hour Volume of $22.48 Million

TerraClassicUSD (USTC) traded down 7.4% against the U.S. dollar during the one day period ending at 18:00 PM E.T. on April 30th. TerraClassicUSD has a market cap of $156.27 million and $22.48 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can now be bought for about $0.0175 or 0.00000029 BTC on exchanges. In the last week, TerraClassicUSD has traded 11.5% lower against the U.S. dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded down 5.7% against the dollar and now trades at $32.47 or 0.00053943 BTC.
• NEAR Protocol (NEAR) traded down 9.1% against the dollar and now trades at $6.12 or 0.00010173 BTC.
• Internet Computer (ICP) traded down 4.1% against the dollar and now trades at $12.75 or 0.00021181 BTC.
• Cronos (CRO) traded up 2.9% against the dollar and now trades at $0.13 or 0.00000219 BTC.
• Hedera (HBAR) traded 8% lower against the dollar and now trades at $0.0937 or 0.00000156 BTC.
• Cosmos (ATOM) traded down 0% against the dollar and now trades at $8.08 or 0.00013434 BTC.
• Fetch.ai (FET) traded down 5.8% against the dollar and now trades at $1.99 or 0.00003313 BTC.
• Algorand (ALGO) traded 6.1% lower against the dollar and now trades at $0.18 or 0.00000292 BTC.
• Akash Network (AKT) traded 7.8% lower against the dollar and now trades at $3.98 or 0.00006623 BTC.
• Kava (KAVA) traded down 5.2% against the dollar and now trades at $0.64 or 0.00001065 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,961,825,613 coins and its circulating supply is 8,949,924,825 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is 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.”

Buying and Selling TerraClassicUSD

It is usually not presently 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 Gemini, Changelly or GDAX. 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