TerraClassicUSD Achieves Self Reported Market Cap of $59.86 Million (USTC)

TerraClassicUSD (USTC) traded down 11.7% against the US dollar during the 24-hour period ending at 7:00 AM ET on April 7th. During the last seven days, TerraClassicUSD has traded down 4.1% against the US dollar. TerraClassicUSD has a market capitalization of $59.86 million and $21.89 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be bought for approximately $0.0108 or 0.00000014 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Cronos (CRO) traded 13.7% lower against the dollar and now trades at $0.0788 or 0.00000102 BTC.
• Avalanche (AVAX) traded down 9.5% against the dollar and now trades at $15.56 or 0.00020206 BTC.
• Hedera (HBAR) traded 12.6% lower against the dollar and now trades at $0.14 or 0.00000178 BTC.
• NEAR Protocol (NEAR) traded down 14.2% against the dollar and now trades at $2.05 or 0.00002656 BTC.
• Internet Computer (ICP) traded down 9.5% against the dollar and now trades at $4.49 or 0.00005831 BTC.
• Cosmos (ATOM) traded 11.6% lower against the dollar and now trades at $4.18 or 0.00005431 BTC.
• Algorand (ALGO) traded 11.5% lower against the dollar and now trades at $0.16 or 0.00000205 BTC.
• Fetch.ai (FET) traded down 11.3% against the dollar and now trades at $0.37 or 0.00000482 BTC.
• Kava (KAVA) traded up 2.1% against the dollar and now trades at $0.41 or 0.00000533 BTC.
• Akash Network (AKT) traded down 14.5% against the dollar and now trades at $0.92 or 0.00001191 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 6,096,789,852 coins and its circulating supply is 5,554,306,306 coins. TerraClassicUSD’s official website is commonwealth.im/terra-luna-classic-lunc. 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.”

TerraClassicUSD Coin Trading

It is usually not currently 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 Gemini, Coinbase 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