TerraClassicUSD (USTC) Hits Market Capitalization of $181.04 Million

TerraClassicUSD (USTC) traded up 16.1% against the U.S. dollar during the 24 hour period ending at 22:00 PM Eastern on April 20th. TerraClassicUSD has a total market cap of $181.04 million and $44.07 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be bought for approximately $0.0202 or 0.00000031 BTC on major cryptocurrency exchanges. During the last seven days, TerraClassicUSD has traded 25.7% higher against the U.S. dollar.

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

• Avalanche (AVAX) traded 8.4% higher against the dollar and now trades at $37.99 or 0.00058441 BTC.
• Internet Computer (ICP) traded up 14.2% against the dollar and now trades at $16.21 or 0.00024930 BTC.
• NEAR Protocol (NEAR) traded up 10.5% against the dollar and now trades at $6.27 or 0.00009644 BTC.
• Cronos (CRO) traded 6% higher against the dollar and now trades at $0.13 or 0.00000201 BTC.
• Cosmos (ATOM) traded up 4.6% against the dollar and now trades at $8.63 or 0.00013279 BTC.
• Hedera (HBAR) traded 7.4% higher against the dollar and now trades at $0.0873 or 0.00000134 BTC.
• Fetch.ai (FET) traded up 15.8% against the dollar and now trades at $2.49 or 0.00003825 BTC.
• Algorand (ALGO) traded up 7.7% against the dollar and now trades at $0.19 or 0.00000293 BTC.
• Akash Network (AKT) traded 7.3% higher against the dollar and now trades at $4.16 or 0.00006405 BTC.
• Kava (KAVA) traded 7.2% higher against the dollar and now trades at $0.73 or 0.00001116 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,962,164,398 coins and its circulating supply is 8,950,331,490 coins. TerraClassicUSD’s official website is terra.money. 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.

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 US dollars. Investors seeking to acquire TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView