TerraClassicUSD (USTC) Hits 24-Hour Trading Volume of $19.64 Million

TerraClassicUSD (USTC) traded 1.6% lower against the U.S. dollar during the one day period ending at 19:00 PM E.T. on April 23rd. One TerraClassicUSD coin can currently be bought for about $0.0197 or 0.00000030 BTC on cryptocurrency exchanges. TerraClassicUSD has a total market cap of $176.63 million and approximately $19.64 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last seven days, TerraClassicUSD has traded up 14.8% against the U.S. dollar.

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

• Avalanche (AVAX) traded down 3.5% against the dollar and now trades at $38.24 or 0.00057620 BTC.
• NEAR Protocol (NEAR) traded 1.9% lower against the dollar and now trades at $6.92 or 0.00010425 BTC.
• Internet Computer (ICP) traded 4.3% lower against the dollar and now trades at $14.50 or 0.00021853 BTC.
• Hedera (HBAR) traded 63.4% higher against the dollar and now trades at $0.15 or 0.00000225 BTC.
• Cronos (CRO) traded 1.8% lower against the dollar and now trades at $0.13 or 0.00000198 BTC.
• Cosmos (ATOM) traded 2.8% lower against the dollar and now trades at $8.71 or 0.00013119 BTC.
• Fetch.ai (FET) traded down 2.1% against the dollar and now trades at $2.43 or 0.00003654 BTC.
• Algorand (ALGO) traded down 2.1% against the dollar and now trades at $0.19 or 0.00000290 BTC.
• Akash Network (AKT) traded 27.6% higher against the dollar and now trades at $5.20 or 0.00007832 BTC.
• Kava (KAVA) traded up 1.8% against the dollar and now trades at $0.76 or 0.00001141 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,962,086,348 coins and its circulating supply is 8,950,233,267 coins. TerraClassicUSD’s official website is terra.money. The official message board for TerraClassicUSD 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 possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView