TerraClassicUSD Price Down 0.7% This Week (USTC)

TerraClassicUSD (USTC) traded down 1.4% against the U.S. dollar during the 24 hour period ending at 8:00 AM ET on October 16th. One TerraClassicUSD coin can now be purchased for $0.0211 or 0.00000031 BTC on major exchanges. TerraClassicUSD has a total market cap of $123.20 million and $10.91 million worth of TerraClassicUSD was traded on exchanges in the last day. During the last week, TerraClassicUSD has traded down 0.7% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 2.5% against the dollar and now trades at $27.91 or 0.00041064 BTC.
• NEAR Protocol (NEAR) traded down 0.9% against the dollar and now trades at $4.99 or 0.00007346 BTC.
• Internet Computer (ICP) traded 0% lower against the dollar and now trades at $8.03 or 0.00011816 BTC.
• Cronos (CRO) traded 1.9% higher against the dollar and now trades at $0.0785 or 0.00000115 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.0543 or 0.00000080 BTC.
• Cosmos (ATOM) traded 0.1% lower against the dollar and now trades at $4.49 or 0.00006604 BTC.
• Fetch.ai (FET) traded 0.9% higher against the dollar and now trades at $1.46 or 0.00002148 BTC.
• Algorand (ALGO) traded 0.6% lower against the dollar and now trades at $0.12 or 0.00000183 BTC.
• Akash Network (AKT) traded up 4.7% against the dollar and now trades at $2.63 or 0.00003864 BTC.
• Theta Fuel (TFUEL) traded 0.4% higher against the dollar and now trades at $0.0617 or 0.00000091 BTC.

TerraClassicUSD Profile

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,143,458,973 coins and its circulating supply is 5,830,146,651 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is terraclassic.co.uk.

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 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 GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView