TerraClassicUSD (USTC) Achieves Market Capitalization of $125.50 Million

TerraClassicUSD (USTC) traded down 0.9% against the dollar during the twenty-four hour period ending at 0:00 AM Eastern on October 19th. TerraClassicUSD has a total market cap of $125.50 million and approximately $14.75 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last seven days, TerraClassicUSD has traded up 0.8% against the dollar. One TerraClassicUSD coin can currently be bought for $0.0215 or 0.00000032 BTC on popular exchanges.

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

• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $27.82 or 0.00040811 BTC.
• NEAR Protocol (NEAR) traded down 3.7% against the dollar and now trades at $4.73 or 0.00006945 BTC.
• Internet Computer (ICP) traded 3.1% lower against the dollar and now trades at $7.97 or 0.00011697 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.0773 or 0.00000113 BTC.
• Hedera (HBAR) traded down 0.3% against the dollar and now trades at $0.0523 or 0.00000077 BTC.
• Cosmos (ATOM) traded down 0.6% against the dollar and now trades at $4.41 or 0.00006467 BTC.
• Fetch.ai (FET) traded 4.5% lower against the dollar and now trades at $1.37 or 0.00002017 BTC.
• Algorand (ALGO) traded down 3.1% against the dollar and now trades at $0.12 or 0.00000179 BTC.
• Akash Network (AKT) traded down 0.4% against the dollar and now trades at $2.48 or 0.00003630 BTC.
• Theta Fuel (TFUEL) traded down 1% against the dollar and now trades at $0.0611 or 0.00000090 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,143,345,691 coins and its circulating supply is 5,830,018,915 coins. 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. The official website for TerraClassicUSD is terraclassic.co.uk.

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 US dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. 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