TerraClassicUSD (USTC) Price Tops $0.0223 on Exchanges

TerraClassicUSD (USTC) traded up 5.3% against the U.S. dollar during the one day period ending at 22:00 PM ET on May 9th. One TerraClassicUSD coin can now be purchased for approximately $0.0223 or 0.00000036 BTC on cryptocurrency exchanges. TerraClassicUSD has a total market cap of $199.79 million and $36.72 million worth of TerraClassicUSD was traded on exchanges in the last day. During the last week, TerraClassicUSD has traded up 14.3% against the U.S. dollar.

Here’s how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 2.7% against the dollar and now trades at $35.21 or 0.00056071 BTC.
• NEAR Protocol (NEAR) traded 7% higher against the dollar and now trades at $7.51 or 0.00011953 BTC.
• Internet Computer (ICP) traded 1.6% higher against the dollar and now trades at $12.22 or 0.00019461 BTC.
• Hedera (HBAR) traded 3.1% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Cosmos (ATOM) traded down 0.7% against the dollar and now trades at $9.12 or 0.00014518 BTC.
• Cronos (CRO) traded up 1.4% against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Fetch.ai (FET) traded up 5.3% against the dollar and now trades at $2.29 or 0.00003644 BTC.
• Algorand (ALGO) traded up 3% against the dollar and now trades at $0.19 or 0.00000309 BTC.
• Akash Network (AKT) traded up 28.5% against the dollar and now trades at $5.49 or 0.00008686 BTC.
• Kava (KAVA) traded 2.1% higher against the dollar and now trades at $0.67 or 0.00001069 BTC.

About TerraClassicUSD

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,356,290 coins and its circulating supply is 8,949,380,004 coins. The official website for TerraClassicUSD is terra.money. 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.

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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView