TerraClassicUSD USTC
Rank #694$0.00485291
+4.39%
CoinGecko · just now
24h
+4.39%
7d
+9.78%
30d
-2.28%
1y
-56.79%
TerraClassicUSD Statistics
- Market Cap
- $27.09M
- 24h Volume
- $3.02M
- 24h High
- $0.0049819
- 24h Low
- $0.00463734
- Circulating Supply
- 5,578,903,368.743 USTC
- Max Supply
- Unlimited
- All-Time High
- $1.09
- All-Time Low
- $0.00406362
About TerraClassicUSD
TerraClassicUSD (USTC) was originally launched as an algorithmic stablecoin within the Terra ecosystem, designed to maintain a peg to the US dollar through an automated market-Module mechanism with LUNA (now LUNC). However, following the collapse of the Terra ecosystem in May 2022, the core stabilizing mechanism was disabled, and USTC lost its peg to the US dollar. Since then, USTC has been a freely traded digital asset, with its price determined purely by market supply and demand. It no longer functions as a stablecoin, nor does it have an active peg-maintenance mechanism. USTC remains an integral part of the Terra Classic ecosystem, where it continues to be used for various purposes, including DeFi applications , gas fees and trading. Unlike traditional fiat-backed assets, USTC’s value fluctuates based on market conditions and community participation.
Frequently Asked Questions about TerraClassicUSD
What is TerraClassicUSD (USTC)?
TerraClassicUSD (USTC) is a cryptocurrency that can be traded on various exchanges. It has a current market capitalization of $27.09M, making it one of the notable digital assets in the crypto market.
What is the current price of TerraClassicUSD?
The current price of TerraClassicUSD (USTC) is $0.00485291. Prices update in real-time based on market activity across major cryptocurrency exchanges.
Where can I buy TerraClassicUSD?
You can buy TerraClassicUSD (USTC) on major cryptocurrency exchanges such as Binance, Coinbase, and Kraken. Always use a reputable exchange and enable two-factor authentication to secure your account.
Is TerraClassicUSD a good investment?
Whether TerraClassicUSD is a good investment depends on your financial goals, risk tolerance, and research. Cryptocurrency markets are highly volatile. Always do your own research and consider consulting a financial advisor before investing.
