TerraClassicUSD (USTC) Self Reported Market Capitalization Achieves $37.00 Million

TerraClassicUSD (USTC) traded 0.8% lower against the dollar during the 24-hour period ending at 9:00 AM ET on June 1st. TerraClassicUSD has a market cap of $37.00 million and $12.84 million worth of TerraClassicUSD was traded on exchanges in the last day. During the last seven days, TerraClassicUSD has traded 8.2% higher against the dollar. One TerraClassicUSD coin can now be bought for $0.0067 or 0.00000009 BTC on popular exchanges.

Here is how related cryptocurrencies have performed during the last day:

• Cronos (CRO) traded down 3% against the dollar and now trades at $0.0659 or 0.00000092 BTC.
• Hedera (HBAR) traded 4.4% lower against the dollar and now trades at $0.0938 or 0.00000131 BTC.
• Avalanche (AVAX) traded 2.3% lower against the dollar and now trades at $8.82 or 0.00012280 BTC.
• NEAR Protocol (NEAR) traded 2.6% higher against the dollar and now trades at $2.38 or 0.00003321 BTC.
• Internet Computer (ICP) traded 0% lower against the dollar and now trades at $2.75 or 0.00003824 BTC.
• Algorand (ALGO) traded down 10% against the dollar and now trades at $0.12 or 0.00000165 BTC.
• Cosmos (ATOM) traded down 3.2% against the dollar and now trades at $1.92 or 0.00002681 BTC.
• Fetch.ai (FET) traded down 1.6% against the dollar and now trades at $0.27 or 0.00000371 BTC.
• Akash Network (AKT) traded down 2.6% against the dollar and now trades at $0.75 or 0.00001043 BTC.
• PayProtocol Paycoin (PCI) traded 1.7% lower against the dollar and now trades at $0.0457 or 0.00000064 BTC.

TerraClassicUSD Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 6,079,853,246 coins and its circulating supply is 5,554,306,306 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 www.terra-classic.io.

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