TerraClassicUSD (USTC) Hits Market Capitalization of $194.27 Million

TerraClassicUSD (USTC) traded 0.9% higher against the dollar during the twenty-four hour period ending at 21:00 PM E.T. on May 7th. One TerraClassicUSD coin can now be purchased for approximately $0.0217 or 0.00000035 BTC on major cryptocurrency exchanges. During the last seven days, TerraClassicUSD has traded 23.4% higher against the dollar. TerraClassicUSD has a total market capitalization of $194.27 million and $26.40 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 5.1% lower against the dollar and now trades at $35.36 or 0.00056464 BTC.
• NEAR Protocol (NEAR) traded down 2.9% against the dollar and now trades at $7.25 or 0.00011582 BTC.
• Internet Computer (ICP) traded 3.2% lower against the dollar and now trades at $12.47 or 0.00019911 BTC.
• Hedera (HBAR) traded down 5.6% against the dollar and now trades at $0.11 or 0.00000173 BTC.
• Cosmos (ATOM) traded 2.9% lower against the dollar and now trades at $9.01 or 0.00014392 BTC.
• Cronos (CRO) traded down 2.8% against the dollar and now trades at $0.13 or 0.00000202 BTC.
• Fetch.ai (FET) traded 1.3% lower against the dollar and now trades at $2.38 or 0.00003795 BTC.
• Algorand (ALGO) traded down 2.2% against the dollar and now trades at $0.19 or 0.00000305 BTC.
• Akash Network (AKT) traded 2.6% lower against the dollar and now trades at $4.61 or 0.00007393 BTC.
• Theta Fuel (TFUEL) traded up 4.4% against the dollar and now trades at $0.11 or 0.00000176 BTC.

TerraClassicUSD Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,961,394,740 coins and its circulating supply is 8,949,426,844 coins. TerraClassicUSD’s official website 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.”

Buying and Selling TerraClassicUSD

It is usually not possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX 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