TerraClassicUSD (USTC) Self Reported Market Capitalization Achieves $26.50 Million

by · The Markets Daily

TerraClassicUSD (USTC) traded down 0.3% against the U.S. dollar during the 24 hour period ending at 10:00 AM E.T. on March 25th. During the last week, TerraClassicUSD has traded 4% lower against the U.S. dollar. TerraClassicUSD has a total market cap of $26.50 million and approximately $1.44 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be bought for about $0.0048 or 0.00000007 BTC on popular exchanges.

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

  • Cronos (CRO) traded 0.6% lower against the dollar and now trades at $0.0754 or 0.00000105 BTC.
  • Avalanche (AVAX) traded 2.8% higher against the dollar and now trades at $9.72 or 0.00013600 BTC.
  • Hedera (HBAR) traded up 2.3% against the dollar and now trades at $0.0952 or 0.00000133 BTC.
  • NEAR Protocol (NEAR) traded 0.2% higher against the dollar and now trades at $1.30 or 0.00001813 BTC.
  • Internet Computer (ICP) traded up 1.6% against the dollar and now trades at $2.42 or 0.00003383 BTC.
  • Cosmos (ATOM) traded down 0.4% against the dollar and now trades at $1.78 or 0.00002486 BTC.
  • Algorand (ALGO) traded up 1.4% against the dollar and now trades at $0.0881 or 0.00000123 BTC.
  • Fetch.ai (FET) traded up 10.5% against the dollar and now trades at $0.25 or 0.00000353 BTC.
  • Akash Network (AKT) traded up 6.8% against the dollar and now trades at $0.58 or 0.00000813 BTC.
  • PayProtocol Paycoin (PCI) traded up 0.1% against the dollar and now trades at $0.0510 or 0.00000071 BTC.

TerraClassicUSD Coin Profile

TerraClassicUSD uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 6,082,095,824 coins and its circulating supply is 5,554,306,306 coins. TerraClassicUSD’s official Twitter account is @terra_money and its Facebook page is accessible here. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website is www.terra-classic.io.

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 possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, 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