TerraClassicUSD (USTC) Tops 24 Hour Volume of $34.10 Million

TerraClassicUSD (USTC) traded 13.6% higher against the U.S. dollar during the 24 hour period ending at 11:00 AM E.T. on June 16th. Over the last week, TerraClassicUSD has traded 1.6% lower against the U.S. dollar. TerraClassicUSD has a total market capitalization of $131.43 million and approximately $34.10 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. One TerraClassicUSD coin can currently be purchased for about $0.0214 or 0.00000032 BTC on major exchanges.

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

• Avalanche (AVAX) traded down 1.1% against the dollar and now trades at $30.04 or 0.00045126 BTC.
• NEAR Protocol (NEAR) traded 1% lower against the dollar and now trades at $5.62 or 0.00008437 BTC.
• Internet Computer (ICP) traded 0.4% higher against the dollar and now trades at $9.30 or 0.00013971 BTC.
• Hedera (HBAR) traded 0.6% lower against the dollar and now trades at $0.0854 or 0.00000128 BTC.
• Cosmos (ATOM) traded up 0.7% against the dollar and now trades at $7.21 or 0.00010826 BTC.
• Cronos (CRO) traded down 3.3% against the dollar and now trades at $0.0989 or 0.00000149 BTC.
• Fetch.ai (FET) traded 3.3% lower against the dollar and now trades at $1.44 or 0.00002170 BTC.
• Algorand (ALGO) traded up 0.2% against the dollar and now trades at $0.15 or 0.00000232 BTC.
• Akash Network (AKT) traded 2.8% lower against the dollar and now trades at $3.35 or 0.00005038 BTC.
• Kava (KAVA) traded 0.3% higher against the dollar and now trades at $0.56 or 0.00000840 BTC.

TerraClassicUSD Coin Profile

USTC uses the hashing algorithm. Its genesis date was April 24th, 2019. TerraClassicUSD’s total supply is 8,959,822,493 coins and its circulating supply is 6,151,513,838 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.”

Buying and Selling TerraClassicUSD

It is usually not currently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Gemini 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