TerraClassicUSD Achieves Market Cap of $127.96 Million (USTC)

TerraClassicUSD (USTC) traded 5.6% higher against the dollar during the twenty-four hour period ending at 19:00 PM Eastern on October 14th. TerraClassicUSD has a total market capitalization of $127.96 million and $11.89 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be bought for about $0.0219 or 0.00000033 BTC on major exchanges. During the last week, TerraClassicUSD has traded down 7.7% against the dollar.

Here is how similar cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded up 1.6% against the dollar and now trades at $29.28 or 0.00044239 BTC.
• NEAR Protocol (NEAR) traded up 8.3% against the dollar and now trades at $5.04 or 0.00007616 BTC.
• Internet Computer (ICP) traded up 6.4% against the dollar and now trades at $8.37 or 0.00012647 BTC.
• Cronos (CRO) traded 4% higher against the dollar and now trades at $0.0786 or 0.00000119 BTC.
• Hedera (HBAR) traded 5.3% higher against the dollar and now trades at $0.0535 or 0.00000081 BTC.
• Cosmos (ATOM) traded 4.5% higher against the dollar and now trades at $4.51 or 0.00006820 BTC.
• Fetch.ai (FET) traded up 6.9% against the dollar and now trades at $1.51 or 0.00002285 BTC.
• Algorand (ALGO) traded up 5.5% against the dollar and now trades at $0.13 or 0.00000192 BTC.
• Akash Network (AKT) traded up 3% against the dollar and now trades at $2.54 or 0.00003844 BTC.
• Theta Fuel (TFUEL) traded 4.5% higher against the dollar and now trades at $0.0635 or 0.00000096 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,472,650 coins and its circulating supply is 5,830,163,496 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for TerraClassicUSD is terraclassic.co.uk. 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 currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView