TerraClassicUSD (USTC) Trading Down 0.4% Over Last 7 Days

TerraClassicUSD (USTC) traded down 2.5% against the US dollar during the twenty-four hour period ending at 0:00 AM ET on July 1st. In the last week, TerraClassicUSD has traded down 0.4% against the US dollar. TerraClassicUSD has a market capitalization of $99.79 million and approximately $7.13 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can currently be purchased for approximately $0.0178 or 0.00000028 BTC on popular exchanges.

Here is how other cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded down 4.4% against the dollar and now trades at $28.60 or 0.00045333 BTC.
• NEAR Protocol (NEAR) traded 0.5% higher against the dollar and now trades at $5.36 or 0.00008501 BTC.
• Internet Computer (ICP) traded down 2% against the dollar and now trades at $8.09 or 0.00012825 BTC.
• Hedera (HBAR) traded down 0.2% against the dollar and now trades at $0.0768 or 0.00000122 BTC.
• Cosmos (ATOM) traded up 1.3% against the dollar and now trades at $6.87 or 0.00010887 BTC.
• Cronos (CRO) traded down 1.3% against the dollar and now trades at $0.0915 or 0.00000145 BTC.
• Fetch.ai (FET) traded down 6.6% against the dollar and now trades at $1.33 or 0.00002109 BTC.
• Algorand (ALGO) traded up 0.5% against the dollar and now trades at $0.15 or 0.00000235 BTC.
• Akash Network (AKT) traded up 1.9% against the dollar and now trades at $3.67 or 0.00005843 BTC.
• Theta Fuel (TFUEL) traded 0.3% lower against the dollar and now trades at $0.0770 or 0.00000122 BTC.

TerraClassicUSD Coin Profile

USTC uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,959,159,186 coins and its circulating supply is 5,595,808,014 coins. TerraClassicUSD’s official message board is medium.com/terra-money. The official website for TerraClassicUSD is 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 presently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Gemini. 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