TerraClassicUSD 24 Hour Volume Hits $15.98 Million (USTC)

TerraClassicUSD (USTC) traded 15.1% lower against the U.S. dollar during the 1-day period ending at 20:00 PM Eastern on July 4th. One TerraClassicUSD coin can now be purchased for about $0.0145 or 0.00000025 BTC on cryptocurrency exchanges. TerraClassicUSD has a total market cap of $80.82 million and $15.98 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. Over the last seven days, TerraClassicUSD has traded down 20.2% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 9.2% against the dollar and now trades at $24.07 or 0.00042156 BTC.
• NEAR Protocol (NEAR) traded down 10.4% against the dollar and now trades at $4.52 or 0.00007920 BTC.
• Internet Computer (ICP) traded 9.5% lower against the dollar and now trades at $6.58 or 0.00011523 BTC.
• Hedera (HBAR) traded 9.8% lower against the dollar and now trades at $0.0651 or 0.00000114 BTC.
• Cosmos (ATOM) traded 7.5% lower against the dollar and now trades at $5.89 or 0.00010311 BTC.
• Cronos (CRO) traded down 6.5% against the dollar and now trades at $0.0833 or 0.00000146 BTC.
• Fetch.ai (FET) traded 3.8% lower against the dollar and now trades at $1.20 or 0.00002101 BTC.
• Algorand (ALGO) traded 9.7% lower against the dollar and now trades at $0.13 or 0.00000225 BTC.
• Akash Network (AKT) traded 13% lower against the dollar and now trades at $2.99 or 0.00005164 BTC.
• Theta Fuel (TFUEL) traded 10.7% lower against the dollar and now trades at $0.0643 or 0.00000113 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 8,959,105,345 coins and its circulating supply is 5,580,185,348 coins. The official website for TerraClassicUSD 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.”

TerraClassicUSD Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView