TerraClassicUSD (USTC) Trading Down 30.5% Over Last 7 Days

TerraClassicUSD (USTC) traded 0.8% higher against the dollar during the 24-hour period ending at 15:00 PM E.T. on April 18th. One TerraClassicUSD coin can now be bought for about $0.0173 or 0.00000027 BTC on major exchanges. During the last week, TerraClassicUSD has traded 30.5% lower against the dollar. TerraClassicUSD has a total market capitalization of $154.56 million and approximately $22.44 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $34.84 or 0.00055004 BTC.
• NEAR Protocol (NEAR) traded up 3.4% against the dollar and now trades at $5.69 or 0.00008978 BTC.
• Internet Computer (ICP) traded up 3.8% against the dollar and now trades at $12.58 or 0.00019860 BTC.
• Cronos (CRO) traded 0.2% higher against the dollar and now trades at $0.12 or 0.00000194 BTC.
• Cosmos (ATOM) traded 1.2% higher against the dollar and now trades at $8.27 or 0.00013052 BTC.
• Hedera (HBAR) traded 4.1% higher against the dollar and now trades at $0.0821 or 0.00000130 BTC.
• Fetch.ai (FET) traded up 2.2% against the dollar and now trades at $2.06 or 0.00003254 BTC.
• Algorand (ALGO) traded up 1.4% against the dollar and now trades at $0.17 or 0.00000274 BTC.
• Akash Network (AKT) traded 4.6% higher against the dollar and now trades at $3.94 or 0.00006236 BTC.
• Kava (KAVA) traded up 1.9% against the dollar and now trades at $0.66 or 0.00001048 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,962,304,375 coins and its circulating supply is 8,950,489,102 coins. The official website for TerraClassicUSD is terra.money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. 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 purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase 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 purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView