TerraClassicUSD (USTC) Trading 6.6% Higher This Week

TerraClassicUSD (USTC) traded down 2.4% against the dollar during the one day period ending at 7:00 AM Eastern on October 23rd. One TerraClassicUSD coin can now be bought for about $0.0225 or 0.00000034 BTC on exchanges. TerraClassicUSD has a market cap of $131.17 million and approximately $22.87 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last seven days, TerraClassicUSD has traded up 6.6% against the dollar.

Here’s how similar cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 4.2% against the dollar and now trades at $26.72 or 0.00040189 BTC.
• NEAR Protocol (NEAR) traded down 2.4% against the dollar and now trades at $4.60 or 0.00006915 BTC.
• Internet Computer (ICP) traded up 0.8% against the dollar and now trades at $8.01 or 0.00012052 BTC.
• Cronos (CRO) traded down 1.6% against the dollar and now trades at $0.0759 or 0.00000114 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0515 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 1.1% against the dollar and now trades at $4.81 or 0.00007228 BTC.
• Fetch.ai (FET) traded down 3.5% against the dollar and now trades at $1.32 or 0.00001992 BTC.
• Algorand (ALGO) traded down 2.5% against the dollar and now trades at $0.12 or 0.00000183 BTC.
• Akash Network (AKT) traded up 0.8% against the dollar and now trades at $2.48 or 0.00003733 BTC.
• Theta Fuel (TFUEL) traded down 2.7% against the dollar and now trades at $0.0590 or 0.00000089 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,214,335 coins and its circulating supply is 5,829,861,451 coins. The official message board for TerraClassicUSD is medium.com/terra-money. The official website for TerraClassicUSD is terraclassic.co.uk. 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 U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView