TerraClassicUSD (USTC) Price Up 18.3% This Week

TerraClassicUSD (USTC) traded down 0.1% against the U.S. dollar during the one day period ending at 20:00 PM E.T. on May 8th. Over the last seven days, TerraClassicUSD has traded 18.3% higher against the U.S. dollar. TerraClassicUSD has a market capitalization of $190.87 million and $71.01 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can now be bought for $0.0213 or 0.00000035 BTC on popular cryptocurrency exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 3.3% lower against the dollar and now trades at $34.06 or 0.00055531 BTC.
• NEAR Protocol (NEAR) traded down 3.3% against the dollar and now trades at $6.84 or 0.00011157 BTC.
• Internet Computer (ICP) traded 3.2% lower against the dollar and now trades at $12.02 or 0.00019594 BTC.
• Hedera (HBAR) traded 1.3% lower against the dollar and now trades at $0.11 or 0.00000173 BTC.
• Cosmos (ATOM) traded up 1.7% against the dollar and now trades at $9.09 or 0.00014824 BTC.
• Cronos (CRO) traded down 0.3% against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded 8.1% lower against the dollar and now trades at $2.16 or 0.00003518 BTC.
• Algorand (ALGO) traded 1.8% lower against the dollar and now trades at $0.19 or 0.00000304 BTC.
• Akash Network (AKT) traded 7% lower against the dollar and now trades at $4.28 or 0.00006975 BTC.
• Theta Fuel (TFUEL) traded 1.7% higher against the dollar and now trades at $0.11 or 0.00000178 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,961,374,191 coins and its circulating supply is 8,949,402,326 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website 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.”

TerraClassicUSD Coin Trading

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

USTC/USD price chart by TradingView