TerraClassicUSD (USTC) Price Tops $0.0214

TerraClassicUSD (USTC) traded down 15.1% against the US dollar during the 24-hour period ending at 21:00 PM ET on May 6th. One TerraClassicUSD coin can now be bought for $0.0214 or 0.00000034 BTC on popular exchanges. During the last week, TerraClassicUSD has traded up 11.5% against the US dollar. TerraClassicUSD has a total market cap of $191.20 million and $90.51 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 1.3% lower against the dollar and now trades at $37.11 or 0.00058337 BTC.
• NEAR Protocol (NEAR) traded 0.3% higher against the dollar and now trades at $7.44 or 0.00011689 BTC.
• Internet Computer (ICP) traded 3.5% lower against the dollar and now trades at $12.82 or 0.00020152 BTC.
• Hedera (HBAR) traded 0.2% higher against the dollar and now trades at $0.12 or 0.00000181 BTC.
• Cosmos (ATOM) traded down 1.8% against the dollar and now trades at $9.24 or 0.00014520 BTC.
• Cronos (CRO) traded down 2.8% against the dollar and now trades at $0.13 or 0.00000204 BTC.
• Fetch.ai (FET) traded 0.2% lower against the dollar and now trades at $2.41 or 0.00003790 BTC.
• Algorand (ALGO) traded 1.6% lower against the dollar and now trades at $0.19 or 0.00000305 BTC.
• Akash Network (AKT) traded down 3% against the dollar and now trades at $4.75 or 0.00007480 BTC.
• Kava (KAVA) traded down 2.9% against the dollar and now trades at $0.68 or 0.00001063 BTC.

About TerraClassicUSD

TerraClassicUSD uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,411,515 coins and its circulating supply is 8,949,446,913 coins. 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. The official website for TerraClassicUSD is 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 presently possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using U.S. dollars. Investors seeking to acquire TerraClassicUSD should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. 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