TerraClassicUSD (USTC) 24 Hour Trading Volume Tops $33.97 Million

TerraClassicUSD (USTC) traded 8.1% lower against the US dollar during the one day period ending at 12:00 PM E.T. on May 7th. Over the last seven days, TerraClassicUSD has traded up 21.5% against the US dollar. One TerraClassicUSD coin can now be purchased for approximately $0.0211 or 0.00000033 BTC on major exchanges. TerraClassicUSD has a total market cap of $189.03 million and $33.97 million worth of TerraClassicUSD was traded on exchanges in the last day.

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

• Avalanche (AVAX) traded down 2.7% against the dollar and now trades at $36.84 or 0.00057783 BTC.
• NEAR Protocol (NEAR) traded 2.4% higher against the dollar and now trades at $7.47 or 0.00011714 BTC.
• Internet Computer (ICP) traded 2.4% lower against the dollar and now trades at $12.93 or 0.00020272 BTC.
• Hedera (HBAR) traded 2.6% lower against the dollar and now trades at $0.11 or 0.00000176 BTC.
• Cosmos (ATOM) traded 1.4% lower against the dollar and now trades at $9.23 or 0.00014472 BTC.
• Cronos (CRO) traded 2.2% lower against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Fetch.ai (FET) traded up 3% against the dollar and now trades at $2.46 or 0.00003861 BTC.
• Algorand (ALGO) traded up 0.6% against the dollar and now trades at $0.20 or 0.00000309 BTC.
• Akash Network (AKT) traded down 1.3% against the dollar and now trades at $4.67 or 0.00007272 BTC.
• Kava (KAVA) traded 1.5% lower against the dollar and now trades at $0.67 or 0.00001058 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,961,397,924 coins and its circulating supply is 8,949,431,130 coins. The official website for TerraClassicUSD is terra.money. The official message board for TerraClassicUSD 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 presently 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, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView