TerraClassicUSD Reaches Market Capitalization of $99.96 Million (USTC)

TerraClassicUSD (USTC) traded 8.3% lower against the dollar during the 24-hour period ending at 10:00 AM Eastern on December 20th. One TerraClassicUSD coin can now be bought for about $0.0180 or 0.00000019 BTC on cryptocurrency exchanges. Over the last week, TerraClassicUSD has traded 27.3% lower against the dollar. TerraClassicUSD has a market capitalization of $99.96 million and approximately $28.47 million worth of TerraClassicUSD was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded 9.9% lower against the dollar and now trades at $37.62 or 0.00039262 BTC.
• Hedera (HBAR) traded 11.2% lower against the dollar and now trades at $0.26 or 0.00000266 BTC.
• NEAR Protocol (NEAR) traded 10.3% lower against the dollar and now trades at $5.02 or 0.00005241 BTC.
• Internet Computer (ICP) traded 8.6% lower against the dollar and now trades at $9.89 or 0.00010326 BTC.
• Cronos (CRO) traded down 9.6% against the dollar and now trades at $0.16 or 0.00000164 BTC.
• Fetch.ai (FET) traded down 8.4% against the dollar and now trades at $1.27 or 0.00001324 BTC.
• Algorand (ALGO) traded down 13% against the dollar and now trades at $0.32 or 0.00000329 BTC.
• Cosmos (ATOM) traded 11.6% lower against the dollar and now trades at $6.48 or 0.00006763 BTC.
• Akash Network (AKT) traded 4.8% lower against the dollar and now trades at $3.10 or 0.00003236 BTC.
• Kava (KAVA) traded 11.4% lower against the dollar and now trades at $0.41 or 0.00000423 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,876,577,772 coins and its circulating supply is 5,562,602,752 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.”

TerraClassicUSD Coin Trading

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 Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView