TerraClassicUSD (USTC) Price Up 4.1% This Week

TerraClassicUSD (USTC) traded 2.1% higher against the U.S. dollar during the one day period ending at 10:00 AM ET on January 5th. Over the last week, TerraClassicUSD has traded up 4.1% against the U.S. dollar. One TerraClassicUSD coin can currently be bought for $0.0210 or 0.00000021 BTC on popular cryptocurrency exchanges. TerraClassicUSD has a market capitalization of $117.08 million and approximately $9.02 million worth of TerraClassicUSD was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 1.7% higher against the dollar and now trades at $41.89 or 0.00042686 BTC.
• Hedera (HBAR) traded 0.7% lower against the dollar and now trades at $0.30 or 0.00000307 BTC.
• NEAR Protocol (NEAR) traded 0.6% lower against the dollar and now trades at $5.74 or 0.00005845 BTC.
• Internet Computer (ICP) traded down 1.3% against the dollar and now trades at $12.10 or 0.00012330 BTC.
• Cronos (CRO) traded 0.3% higher against the dollar and now trades at $0.16 or 0.00000163 BTC.
• Fetch.ai (FET) traded up 0.5% against the dollar and now trades at $1.49 or 0.00001515 BTC.
• Algorand (ALGO) traded 0.3% lower against the dollar and now trades at $0.41 or 0.00000416 BTC.
• Cosmos (ATOM) traded 0.2% lower against the dollar and now trades at $7.25 or 0.00007389 BTC.
• Akash Network (AKT) traded down 2.3% against the dollar and now trades at $3.38 or 0.00003456 BTC.
• Kava (KAVA) traded 2% higher against the dollar and now trades at $0.55 or 0.00000564 BTC.

TerraClassicUSD Coin Profile

USTC uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 7,876,066,398 coins and its circulating supply is 5,562,016,130 coins. The official website for TerraClassicUSD is commonwealth.im/terra-luna-classic-lunc. 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.

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 U.S. dollars. Investors seeking to acquire TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly 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