TerraClassicUSD Achieves Market Capitalization of $150.11 Million (USTC)

TerraClassicUSD (USTC) traded up 0.6% against the dollar during the 24 hour period ending at 8:00 AM ET on April 18th. TerraClassicUSD has a total market capitalization of $150.11 million and approximately $23.84 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last week, TerraClassicUSD has traded 32.3% lower against the dollar. One TerraClassicUSD coin can now be bought for approximately $0.0168 or 0.00000027 BTC on exchanges.

Here’s how related cryptocurrencies have performed in the last day:

• Avalanche (AVAX) traded 2.6% higher against the dollar and now trades at $34.58 or 0.00055812 BTC.
• NEAR Protocol (NEAR) traded up 5.8% against the dollar and now trades at $5.65 or 0.00009124 BTC.
• Internet Computer (ICP) traded up 1.5% against the dollar and now trades at $12.11 or 0.00019545 BTC.
• Cronos (CRO) traded down 0.9% against the dollar and now trades at $0.12 or 0.00000197 BTC.
• Cosmos (ATOM) traded 1.7% higher against the dollar and now trades at $8.13 or 0.00013117 BTC.
• Hedera (HBAR) traded 2.4% higher against the dollar and now trades at $0.0799 or 0.00000129 BTC.
• Fetch.ai (FET) traded up 0.7% against the dollar and now trades at $1.97 or 0.00003179 BTC.
• Algorand (ALGO) traded 1.6% higher against the dollar and now trades at $0.17 or 0.00000276 BTC.
• Akash Network (AKT) traded up 2.9% against the dollar and now trades at $3.82 or 0.00006119 BTC.
• Kava (KAVA) traded up 2.8% against the dollar and now trades at $0.65 or 0.00001055 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,962,345,514 coins and its circulating supply is 8,950,536,096 coins. TerraClassicUSD’s official website is terra.money. TerraClassicUSD’s official message board is medium.com/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 currently possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView