TerraClassicUSD Reaches Market Capitalization of $136.38 Million (USTC)

TerraClassicUSD (USTC) traded 3.8% higher against the dollar during the 24 hour period ending at 20:00 PM Eastern on October 30th. One TerraClassicUSD coin can now be purchased for approximately $0.0234 or 0.00000032 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a market cap of $136.38 million and approximately $20.41 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last week, TerraClassicUSD has traded 6.3% higher against the dollar.

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

• Avalanche (AVAX) traded down 2.4% against the dollar and now trades at $26.20 or 0.00036218 BTC.
• NEAR Protocol (NEAR) traded down 2.6% against the dollar and now trades at $4.31 or 0.00005964 BTC.
• Internet Computer (ICP) traded up 0.3% against the dollar and now trades at $8.15 or 0.00011261 BTC.
• Fetch.ai (FET) traded 2.8% lower against the dollar and now trades at $1.30 or 0.00001795 BTC.
• Cronos (CRO) traded down 1.5% against the dollar and now trades at $0.0755 or 0.00000104 BTC.
• Hedera (HBAR) traded 2% lower against the dollar and now trades at $0.0487 or 0.00000067 BTC.
• Cosmos (ATOM) traded 1.7% lower against the dollar and now trades at $4.46 or 0.00006159 BTC.
• Algorand (ALGO) traded 2.5% lower against the dollar and now trades at $0.12 or 0.00000167 BTC.
• Akash Network (AKT) traded 5% higher against the dollar and now trades at $2.50 or 0.00003464 BTC.
• Kava (KAVA) traded up 1% against the dollar and now trades at $0.35 or 0.00000485 BTC.

TerraClassicUSD Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,142,893,155 coins and its circulating supply is 5,829,495,136 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.”

TerraClassicUSD Coin Trading

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

USTC/USD price chart by TradingView