TerraClassicUSD (USTC) 24 Hour Volume Hits $50.01 Million

TerraClassicUSD (USTC) traded 6% higher against the U.S. dollar during the one day period ending at 13:00 PM Eastern on May 11th. One TerraClassicUSD coin can currently be bought for approximately $0.0237 or 0.00000039 BTC on major exchanges. In the last week, TerraClassicUSD has traded up 20.1% against the U.S. dollar. TerraClassicUSD has a total market capitalization of $168.35 million and approximately $50.01 million worth of TerraClassicUSD was traded on exchanges in the last 24 hours.

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

• Avalanche (AVAX) traded 1.8% lower against the dollar and now trades at $33.75 or 0.00055215 BTC.
• NEAR Protocol (NEAR) traded 2.2% lower against the dollar and now trades at $7.14 or 0.00011683 BTC.
• Internet Computer (ICP) traded 1.9% higher against the dollar and now trades at $12.03 or 0.00019689 BTC.
• Hedera (HBAR) traded 1.7% higher against the dollar and now trades at $0.11 or 0.00000177 BTC.
• Cosmos (ATOM) traded down 1.7% against the dollar and now trades at $8.59 or 0.00014062 BTC.
• Cronos (CRO) traded 2.3% higher against the dollar and now trades at $0.13 or 0.00000206 BTC.
• Fetch.ai (FET) traded 2.1% higher against the dollar and now trades at $2.23 or 0.00003645 BTC.
• Algorand (ALGO) traded down 1.4% against the dollar and now trades at $0.18 or 0.00000297 BTC.
• Akash Network (AKT) traded up 0.8% against the dollar and now trades at $5.62 or 0.00009188 BTC.
• Kava (KAVA) traded 0% higher against the dollar and now trades at $0.65 or 0.00001059 BTC.

About TerraClassicUSD

TerraClassicUSD (USTC) uses the hashing algorithm. It was first traded on April 24th, 2019. TerraClassicUSD’s total supply is 8,961,295,747 coins and its circulating supply is 7,102,228,827 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.”

TerraClassicUSD Coin Trading

It is usually not possible to buy alternative cryptocurrencies such as TerraClassicUSD directly using US dollars. Investors seeking to acquire TerraClassicUSD should first buy 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 buy TerraClassicUSD using one of the exchanges listed above.

USTC/USD price chart by TradingView