TerraClassicUSD (USTC) Hits 24 Hour Volume of $7.62 Million

TerraClassicUSD (USTC) traded down 2.7% against the dollar during the one day period ending at 10:00 AM ET on January 9th. TerraClassicUSD has a market capitalization of $103.06 million and $7.62 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be purchased for about $0.0185 or 0.00000020 BTC on major exchanges. During the last week, TerraClassicUSD has traded down 9.4% against the dollar.

Here is how other cryptocurrencies have performed during the last day:

• Avalanche (AVAX) traded down 2.6% against the dollar and now trades at $37.01 or 0.00039476 BTC.
• Hedera (HBAR) traded down 1.3% against the dollar and now trades at $0.27 or 0.00000292 BTC.
• NEAR Protocol (NEAR) traded down 1.2% against the dollar and now trades at $5.06 or 0.00005399 BTC.
• Internet Computer (ICP) traded 5.3% lower against the dollar and now trades at $10.43 or 0.00011119 BTC.
• Cronos (CRO) traded 2.8% lower against the dollar and now trades at $0.14 or 0.00000149 BTC.
• Fetch.ai (FET) traded 0.6% lower against the dollar and now trades at $1.32 or 0.00001406 BTC.
• Algorand (ALGO) traded down 3.3% against the dollar and now trades at $0.35 or 0.00000375 BTC.
• Cosmos (ATOM) traded down 1% against the dollar and now trades at $6.49 or 0.00006924 BTC.
• Akash Network (AKT) traded 6% lower against the dollar and now trades at $3.08 or 0.00003340 BTC.
• Kava (KAVA) traded 3.7% higher against the dollar and now trades at $0.51 or 0.00000543 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 7,875,917,008 coins and its circulating supply is 5,561,843,540 coins. The official website for TerraClassicUSD 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 buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, GDAX or Coinbase. 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