TerraClassicUSD Reaches 1-Day Trading Volume of $12.50 Million (USTC)

TerraClassicUSD (USTC) traded 2.9% higher against the US dollar during the twenty-four hour period ending at 12:00 PM E.T. on April 28th. Over the last week, TerraClassicUSD has traded down 2.2% against the US dollar. One TerraClassicUSD coin can currently be purchased for approximately $0.0191 or 0.00000030 BTC on exchanges. TerraClassicUSD has a total market cap of $170.78 million and $12.50 million worth of TerraClassicUSD was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• Avalanche (AVAX) traded 2% higher against the dollar and now trades at $34.78 or 0.00054706 BTC.
• NEAR Protocol (NEAR) traded up 3.6% against the dollar and now trades at $7.28 or 0.00011454 BTC.
• Internet Computer (ICP) traded up 5.9% against the dollar and now trades at $13.70 or 0.00021544 BTC.
• Hedera (HBAR) traded up 1.2% against the dollar and now trades at $0.11 or 0.00000167 BTC.
• Cronos (CRO) traded 1.9% higher against the dollar and now trades at $0.13 or 0.00000203 BTC.
• Cosmos (ATOM) traded up 1% against the dollar and now trades at $8.34 or 0.00013119 BTC.
• Fetch.ai (FET) traded 4.5% higher against the dollar and now trades at $2.22 or 0.00003485 BTC.
• Algorand (ALGO) traded 0.9% higher against the dollar and now trades at $0.20 or 0.00000311 BTC.
• Akash Network (AKT) traded up 1.6% against the dollar and now trades at $4.39 or 0.00006910 BTC.
• Kava (KAVA) traded 2.2% higher against the dollar and now trades at $0.70 or 0.00001100 BTC.

About TerraClassicUSD

USTC uses the hashing algorithm. It launched on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,887,366 coins and its circulating supply is 8,949,997,827 coins. TerraClassicUSD’s official message board is medium.com/terra-money. TerraClassicUSD’s official website 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.”

Buying and Selling TerraClassicUSD

It is usually not possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to trade TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Changelly 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