TerraClassicUSD Price Hits $0.0059 (USTC)

TerraClassicUSD (USTC) traded 1% higher against the U.S. dollar during the 24-hour period ending at 7:00 AM ET on September 29th. TerraClassicUSD has a market capitalization of $32.58 million and $1.12 million worth of TerraClassicUSD was traded on exchanges in the last day. One TerraClassicUSD coin can now be purchased for $0.0059 or 0.00000007 BTC on popular exchanges. During the last seven days, TerraClassicUSD has traded 2.4% higher against the U.S. dollar.

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

• Cronos (CRO) traded up 11% against the dollar and now trades at $0.0718 or 0.00000086 BTC.
• NEAR Protocol (NEAR) traded 5.7% lower against the dollar and now trades at $4.77 or 0.00005682 BTC.
• Hedera (HBAR) traded up 2.3% against the dollar and now trades at $0.12 or 0.00000140 BTC.
• Avalanche (AVAX) traded 9.5% higher against the dollar and now trades at $11.54 or 0.00013741 BTC.
• Internet Computer (ICP) traded 11.4% higher against the dollar and now trades at $3.32 or 0.00003951 BTC.
• Algorand (ALGO) traded 4.1% higher against the dollar and now trades at $0.13 or 0.00000158 BTC.
• Cosmos (ATOM) traded up 0.5% against the dollar and now trades at $1.77 or 0.00002103 BTC.
• Fetch.ai (FET) traded down 0.4% against the dollar and now trades at $0.23 or 0.00000273 BTC.
• Akash Network (AKT) traded 1.5% higher against the dollar and now trades at $0.66 or 0.00000792 BTC.
• Theta Fuel (TFUEL) traded 1.2% higher against the dollar and now trades at $0.0107 or 0.00000013 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. Its launch date was April 24th, 2019. TerraClassicUSD’s total supply is 6,075,781,177 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 website is www.terra-classic.io. TerraClassicUSD’s official message board is medium.com/terra-money.

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 purchase alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Gemini, GDAX or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView