TerraClassicUSD Achieves Market Capitalization of $223.91 Million (USTC)

TerraClassicUSD (USTC) traded up 30.2% against the dollar during the one day period ending at 21:00 PM ET on May 5th. One TerraClassicUSD coin can now be bought for approximately $0.0250 or 0.00000039 BTC on major cryptocurrency exchanges. During the last week, TerraClassicUSD has traded 30.6% higher against the dollar. TerraClassicUSD has a market cap of $223.91 million and $54.24 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded up 1.3% against the dollar and now trades at $37.63 or 0.00058415 BTC.
• NEAR Protocol (NEAR) traded up 9.1% against the dollar and now trades at $7.44 or 0.00011547 BTC.
• Internet Computer (ICP) traded 1.5% higher against the dollar and now trades at $13.26 or 0.00020584 BTC.
• Hedera (HBAR) traded up 7.8% against the dollar and now trades at $0.12 or 0.00000180 BTC.
• Cosmos (ATOM) traded up 8.2% against the dollar and now trades at $9.42 or 0.00014619 BTC.
• Cronos (CRO) traded up 1.8% against the dollar and now trades at $0.13 or 0.00000208 BTC.
• Fetch.ai (FET) traded up 13.6% against the dollar and now trades at $2.43 or 0.00003775 BTC.
• Algorand (ALGO) traded 2.1% higher against the dollar and now trades at $0.20 or 0.00000307 BTC.
• Akash Network (AKT) traded 14.3% higher against the dollar and now trades at $4.90 or 0.00007660 BTC.
• Kava (KAVA) traded up 3% against the dollar and now trades at $0.70 or 0.00001082 BTC.

TerraClassicUSD Coin Profile

USTC uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,961,556,990 coins and its circulating supply is 8,949,613,035 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. The official website for TerraClassicUSD is terra.money. 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 U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy 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 buy TerraClassicUSD using one of the aforementioned exchanges.

USTC/USD price chart by TradingView