TerraClassicUSD Market Capitalization Hits $119.61 Million (USTC)

TerraClassicUSD (USTC) traded 6.2% lower against the dollar during the 24 hour period ending at 17:00 PM E.T. on October 26th. Over the last week, TerraClassicUSD has traded down 6.1% against the dollar. One TerraClassicUSD coin can now be bought for approximately $0.0205 or 0.00000031 BTC on exchanges. TerraClassicUSD has a total market capitalization of $119.61 million and approximately $14.89 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 1.3% lower against the dollar and now trades at $25.44 or 0.00037884 BTC.
• NEAR Protocol (NEAR) traded down 3.9% against the dollar and now trades at $4.24 or 0.00006311 BTC.
• Internet Computer (ICP) traded down 2.5% against the dollar and now trades at $7.82 or 0.00011639 BTC.
• Cronos (CRO) traded down 0.7% against the dollar and now trades at $0.0729 or 0.00000109 BTC.
• Hedera (HBAR) traded 2.1% lower against the dollar and now trades at $0.0481 or 0.00000072 BTC.
• Cosmos (ATOM) traded 6.5% lower against the dollar and now trades at $4.37 or 0.00006505 BTC.
• Fetch.ai (FET) traded down 2.6% against the dollar and now trades at $1.24 or 0.00001841 BTC.
• Algorand (ALGO) traded down 3% against the dollar and now trades at $0.11 or 0.00000170 BTC.
• Akash Network (AKT) traded down 3.8% against the dollar and now trades at $2.27 or 0.00003383 BTC.
• Theta Fuel (TFUEL) traded 3.3% lower against the dollar and now trades at $0.0545 or 0.00000081 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,143,044,203 coins and its circulating supply is 5,829,672,797 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official website is terraclassic.co.uk. 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.”

Buying and Selling TerraClassicUSD

It is usually not currently 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 GDAX, Coinbase 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