TerraClassicUSD (USTC) Trading 7.4% Lower Over Last 7 Days

TerraClassicUSD (USTC) traded 1.1% lower against the dollar during the one day period ending at 9:00 AM Eastern on January 20th. One TerraClassicUSD coin can now be bought for about $0.0065 or 0.00000007 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a market capitalization of $36.18 million and $3.49 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last seven days, TerraClassicUSD has traded down 7.4% against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Cronos (CRO) traded 0% lower against the dollar and now trades at $0.0937 or 0.00000103 BTC.
• Avalanche (AVAX) traded 3% lower against the dollar and now trades at $12.34 or 0.00013578 BTC.
• Hedera (HBAR) traded down 2.3% against the dollar and now trades at $0.11 or 0.00000117 BTC.
• Internet Computer (ICP) traded down 8.5% against the dollar and now trades at $3.62 or 0.00003987 BTC.
• NEAR Protocol (NEAR) traded down 1.7% against the dollar and now trades at $1.53 or 0.00001688 BTC.
• Cosmos (ATOM) traded 0.7% lower against the dollar and now trades at $2.35 or 0.00002588 BTC.
• Algorand (ALGO) traded 2.3% lower against the dollar and now trades at $0.12 or 0.00000128 BTC.
• Fetch.ai (FET) traded 2.6% lower against the dollar and now trades at $0.24 or 0.00000259 BTC.
• Theta Fuel (TFUEL) traded 2.7% lower against the dollar and now trades at $0.0183 or 0.00000020 BTC.
• PayProtocol Paycoin (PCI) traded up 0.9% against the dollar and now trades at $0.0679 or 0.00000075 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 6,084,749,388 coins and its circulating supply is 5,554,306,306 coins. The official website for TerraClassicUSD is www.terra-classic.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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire 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