TerraClassicUSD (USTC) Market Cap Achieves $91.52 Million

TerraClassicUSD (USTC) traded up 1.6% against the US dollar during the one day period ending at 8:00 AM E.T. on September 8th. One TerraClassicUSD coin can now be bought for approximately $0.0157 or 0.00000029 BTC on major exchanges. TerraClassicUSD has a market capitalization of $91.52 million and approximately $3.65 million worth of TerraClassicUSD was traded on exchanges in the last day. Over the last week, TerraClassicUSD has traded 0.9% lower against the US dollar.

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

• Avalanche (AVAX) traded 6.7% higher against the dollar and now trades at $23.08 or 0.00042309 BTC.
• NEAR Protocol (NEAR) traded 2.7% higher against the dollar and now trades at $3.74 or 0.00006852 BTC.
• Internet Computer (ICP) traded 3.6% higher against the dollar and now trades at $7.35 or 0.00013473 BTC.
• Cronos (CRO) traded up 1.1% against the dollar and now trades at $0.0773 or 0.00000142 BTC.
• Hedera (HBAR) traded up 3.2% against the dollar and now trades at $0.0496 or 0.00000091 BTC.
• Cosmos (ATOM) traded 0.9% lower against the dollar and now trades at $3.72 or 0.00006817 BTC.
• Fetch.ai (FET) traded up 1.4% against the dollar and now trades at $1.09 or 0.00002002 BTC.
• Algorand (ALGO) traded 3.8% higher against the dollar and now trades at $0.13 or 0.00000231 BTC.
• Akash Network (AKT) traded up 1.6% against the dollar and now trades at $2.30 or 0.00004212 BTC.
• Theta Fuel (TFUEL) traded 1.7% higher against the dollar and now trades at $0.0542 or 0.00000099 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,956,444,445 coins and its circulating supply is 5,842,942,440 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board 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.”

TerraClassicUSD Coin Trading

It is usually not possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView