TerraClassicUSD (USTC) Achieves Market Capitalization of $101.94 Million

TerraClassicUSD (USTC) traded down 6.6% against the US dollar during the one day period ending at 11:00 AM Eastern on August 27th. One TerraClassicUSD coin can now be bought for about $0.0174 or 0.00000028 BTC on cryptocurrency exchanges. TerraClassicUSD has a market capitalization of $101.94 million and approximately $11.21 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. During the last seven days, TerraClassicUSD has traded up 7.4% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Avalanche (AVAX) traded 3.9% lower against the dollar and now trades at $25.39 or 0.00041128 BTC.
• NEAR Protocol (NEAR) traded 3% lower against the dollar and now trades at $4.68 or 0.00007576 BTC.
• Internet Computer (ICP) traded down 1.5% against the dollar and now trades at $8.06 or 0.00013055 BTC.
• Cronos (CRO) traded down 2.4% against the dollar and now trades at $0.0842 or 0.00000136 BTC.
• Hedera (HBAR) traded down 4.5% against the dollar and now trades at $0.0545 or 0.00000088 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $4.96 or 0.00008029 BTC.
• Fetch.ai (FET) traded 5.7% lower against the dollar and now trades at $1.30 or 0.00002101 BTC.
• Algorand (ALGO) traded down 2.9% against the dollar and now trades at $0.13 or 0.00000216 BTC.
• Akash Network (AKT) traded 5.9% lower against the dollar and now trades at $2.87 or 0.00004617 BTC.
• Theta Fuel (TFUEL) traded down 3.3% against the dollar and now trades at $0.0609 or 0.00000099 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,956,623,626 coins and its circulating supply is 5,843,162,946 coins. 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. TerraClassicUSD’s official website is 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 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 Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView