TerraClassicUSD (USTC) Hits 24-Hour Trading Volume of $8.17 Million

TerraClassicUSD (USTC) traded down 8.4% against the dollar during the twenty-four hour period ending at 7:00 AM ET on September 16th. One TerraClassicUSD coin can now be purchased for approximately $0.0167 or 0.00000028 BTC on cryptocurrency exchanges. TerraClassicUSD has a total market cap of $97.32 million and approximately $8.17 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours. In the last seven days, TerraClassicUSD has traded 5% higher against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Avalanche (AVAX) traded down 3% against the dollar and now trades at $23.89 or 0.00040656 BTC.
• NEAR Protocol (NEAR) traded down 5.1% against the dollar and now trades at $3.97 or 0.00006753 BTC.
• Internet Computer (ICP) traded down 5.5% against the dollar and now trades at $8.11 or 0.00013797 BTC.
• Cronos (CRO) traded 2.1% lower against the dollar and now trades at $0.0801 or 0.00000136 BTC.
• Hedera (HBAR) traded down 2.5% against the dollar and now trades at $0.0500 or 0.00000085 BTC.
• Cosmos (ATOM) traded down 5.2% against the dollar and now trades at $4.02 or 0.00006834 BTC.
• Fetch.ai (FET) traded down 6% against the dollar and now trades at $1.32 or 0.00002249 BTC.
• Algorand (ALGO) traded 2.5% lower against the dollar and now trades at $0.13 or 0.00000215 BTC.
• Akash Network (AKT) traded 5.6% lower against the dollar and now trades at $2.38 or 0.00004061 BTC.
• Theta Fuel (TFUEL) traded up 5% against the dollar and now trades at $0.0638 or 0.00000109 BTC.

TerraClassicUSD Profile

TerraClassicUSD (CRYPTO:USTC) uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,916,983,539 coins and its circulating supply is 5,838,453,782 coins. The official message board for TerraClassicUSD is medium.com/terra-money. The official website for TerraClassicUSD is 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 possible to purchase alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Coinbase or Changelly. 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