TerraClassicUSD Achieves Self Reported Market Capitalization of $27.82 Million (USTC)

TerraClassicUSD (USTC) traded down 0.6% against the U.S. dollar during the 24 hour period ending at 9:00 AM Eastern on February 17th. One TerraClassicUSD coin can currently be purchased for about $0.0050 or 0.00000007 BTC on popular exchanges. TerraClassicUSD has a market capitalization of $27.82 million and $2.38 million worth of TerraClassicUSD was traded on exchanges in the last day. In the last seven days, TerraClassicUSD has traded up 6.4% against the U.S. dollar.

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

• Cronos (CRO) traded up 0.1% against the dollar and now trades at $0.0794 or 0.00000117 BTC.
• Hedera (HBAR) traded 0.1% higher against the dollar and now trades at $0.10 or 0.00000148 BTC.
• Avalanche (AVAX) traded 0.2% lower against the dollar and now trades at $9.20 or 0.00013504 BTC.
• Internet Computer (ICP) traded up 0% against the dollar and now trades at $2.40 or 0.00003527 BTC.
• NEAR Protocol (NEAR) traded up 1.4% against the dollar and now trades at $1.06 or 0.00001553 BTC.
• Cosmos (ATOM) traded up 4% against the dollar and now trades at $2.29 or 0.00003359 BTC.
• Algorand (ALGO) traded down 0.9% against the dollar and now trades at $0.0942 or 0.00000138 BTC.
• Fetch.ai (FET) traded down 0.3% against the dollar and now trades at $0.17 or 0.00000251 BTC.
• PayProtocol Paycoin (PCI) traded 0.1% lower against the dollar and now trades at $0.0600 or 0.00000088 BTC.
• Theta Fuel (TFUEL) traded down 0.3% against the dollar and now trades at $0.0150 or 0.00000022 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 6,083,343,885 coins and its circulating supply is 5,554,306,306 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is www.terra-classic.io. 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 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, Gemini 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