TerraClassicUSD (USTC) Hits Market Cap of $148.97 Million

TerraClassicUSD (USTC) traded down 9.5% against the US dollar during the one day period ending at 9:00 AM ET on April 16th. TerraClassicUSD has a market cap of $148.97 million and $23.53 million worth of TerraClassicUSD was traded on exchanges in the last day. During the last seven days, TerraClassicUSD has traded 36% lower against the US dollar. One TerraClassicUSD coin can now be bought for $0.0166 or 0.00000026 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded 10.8% lower against the dollar and now trades at $34.30 or 0.00054401 BTC.
• Internet Computer (ICP) traded down 11.3% against the dollar and now trades at $12.03 or 0.00019083 BTC.
• NEAR Protocol (NEAR) traded 8.2% lower against the dollar and now trades at $5.18 or 0.00008220 BTC.
• Cronos (CRO) traded down 8.2% against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded 7.3% lower against the dollar and now trades at $8.00 or 0.00012692 BTC.
• Hedera (HBAR) traded down 8.9% against the dollar and now trades at $0.0787 or 0.00000125 BTC.
• Fetch.ai (FET) traded 15.1% lower against the dollar and now trades at $2.00 or 0.00003173 BTC.
• Algorand (ALGO) traded 8.2% lower against the dollar and now trades at $0.17 or 0.00000272 BTC.
• Akash Network (AKT) traded down 11.1% against the dollar and now trades at $3.60 or 0.00005699 BTC.
• Kava (KAVA) traded 8.8% lower against the dollar and now trades at $0.63 or 0.00001000 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,962,369,215 coins and its circulating supply is 8,950,565,683 coins. TerraClassicUSD’s official website is terra.money. The official message board for TerraClassicUSD 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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView