TerraClassicUSD (USTC) 24 Hour Volume Reaches $11.80 Million

TerraClassicUSD (USTC) traded 7.2% higher against the US dollar during the 1 day period ending at 10:00 AM ET on December 24th. One TerraClassicUSD coin can now be purchased for $0.0198 or 0.00000020 BTC on cryptocurrency exchanges. TerraClassicUSD has a market cap of $110.06 million and $11.80 million worth of TerraClassicUSD was traded on exchanges in the last day. Over the last seven days, TerraClassicUSD has traded down 12.9% against the US dollar.

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

• Avalanche (AVAX) traded up 12.3% against the dollar and now trades at $40.31 or 0.00041375 BTC.
• Hedera (HBAR) traded up 23.5% against the dollar and now trades at $0.33 or 0.00000335 BTC.
• NEAR Protocol (NEAR) traded up 11% against the dollar and now trades at $5.59 or 0.00005741 BTC.
• Internet Computer (ICP) traded 11.6% higher against the dollar and now trades at $11.14 or 0.00011439 BTC.
• Cronos (CRO) traded 8.6% higher against the dollar and now trades at $0.16 or 0.00000169 BTC.
• Fetch.ai (FET) traded 10.6% higher against the dollar and now trades at $1.40 or 0.00001432 BTC.
• Algorand (ALGO) traded 16.8% higher against the dollar and now trades at $0.41 or 0.00000418 BTC.
• Cosmos (ATOM) traded 10.1% higher against the dollar and now trades at $7.07 or 0.00007256 BTC.
• Akash Network (AKT) traded 13.2% higher against the dollar and now trades at $3.39 or 0.00003494 BTC.
• Kava (KAVA) traded up 10.1% against the dollar and now trades at $0.47 or 0.00000481 BTC.

TerraClassicUSD Profile

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 7,876,413,176 coins and its circulating supply is 5,562,413,461 coins. The official website for TerraClassicUSD is terraclassic.co.uk. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here.

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 purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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