TerraClassicUSD (USTC) 24 Hour Volume Hits $4.24 Million

TerraClassicUSD (USTC) traded 6.6% higher against the dollar during the 24 hour period ending at 21:00 PM E.T. on September 2nd. One TerraClassicUSD coin can now be bought for approximately $0.0161 or 0.00000027 BTC on exchanges. TerraClassicUSD has a total market capitalization of $94.01 million and approximately $4.24 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last week, TerraClassicUSD has traded down 13.3% against the dollar.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Avalanche (AVAX) traded 3.9% higher against the dollar and now trades at $22.44 or 0.00037873 BTC.
• NEAR Protocol (NEAR) traded up 2.9% against the dollar and now trades at $4.00 or 0.00006757 BTC.
• Internet Computer (ICP) traded up 5% against the dollar and now trades at $7.54 or 0.00012723 BTC.
• Cronos (CRO) traded up 2.1% against the dollar and now trades at $0.0808 or 0.00000136 BTC.
• Hedera (HBAR) traded 5.7% higher against the dollar and now trades at $0.0510 or 0.00000086 BTC.
• Cosmos (ATOM) traded 2.8% higher against the dollar and now trades at $4.45 or 0.00007506 BTC.
• Fetch.ai (FET) traded up 7.1% against the dollar and now trades at $1.25 or 0.00002106 BTC.
• Algorand (ALGO) traded up 6% against the dollar and now trades at $0.13 or 0.00000212 BTC.
• Akash Network (AKT) traded up 3.3% against the dollar and now trades at $2.46 or 0.00004150 BTC.
• Theta Fuel (TFUEL) traded 1.3% higher against the dollar and now trades at $0.0565 or 0.00000095 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,956,524,935 coins and its circulating supply is 5,843,041,007 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.”

Buying and Selling TerraClassicUSD

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