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    TerraClassicUSD

    TerraClassicUSD priceUSTC

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    TerraClassicUSD price calculator

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    USTC
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    1 USTC = 0.02383 USD
    Last updated 2024-10-31 23:49:59(UTC-0)
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    TerraClassicUSD price live data summary

    The live price of TerraClassicUSD is $0.02383 per (USTC / USD) today with a current market cap of $138.91M USD. The 24-hour trading volume is $111.01M USD. USTC to USD price is updated in real time. TerraClassicUSD is 2.00% in the last 24 hours. It has a circulating supply of 5,829,410,300 .

    What is the highest price of USTC?

    USTC has an all-time high (ATH) of $1.05, recorded on 2021-01-30.

    What is the lowest price of USTC?

    USTC has an all-time low (ATL) of $0.006218, recorded on 2022-06-18.
    Calculate TerraClassicUSD profit

    TerraClassicUSD price prediction

    When is a good time to buy USTC? Should I buy or sell USTC now?

    When deciding whether to buy or sell USTC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget USTC technical analysis can provide you with a reference for trading.
    According to the USTC 4h technical analysis, the trading signal is Buy.
    According to the USTC 1d technical analysis, the trading signal is Strong buy.
    According to the USTC 1w technical analysis, the trading signal is Buy.

    What will the price of USTC be in 2025?

    Based on USTC's historical price performance prediction model, the price of USTC is projected to reach $0.02552 in 2025.

    What will the price of USTC be in 2030?

    In 2030, the USTC price is expected to change by -20.00%. By the end of 2030, the USTC price is projected to reach $0.02874, with a cumulative ROI of +29.38%.

    TerraClassicUSD ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About TerraClassicUSD (USTC)

    What Is TerraClassicUSD?

    TerraClassicUSD (USTC) is a decentralized algorithmic stablecoin pegged to the US dollar, operating on the Terra Classic blockchain. Originally known as TerraUSD, it was rebranded to TerraClassicUSD following the collapse of the Terra ecosystem in 2022, which led to the depeg of the token. TerraClassicUSD was conceived to meet the demands of various DeFi protocols, offering scalability, security, and interoperability with other blockchains without compromising speed.

    USTC was launched in September 2020 in collaboration with Bittrex Global, a cryptocurrency exchange. It integrates seamlessly into crypto wallets and payment systems and can be utilized for minting synthetic assets or tracking real-world asset prices on DApps like Mirror Protocol. Despite its advantages, USTC faces challenges such as potential deviations from its peg due to market fluctuations and competition from other stablecoins like USDT, USDC, and DAI.

    Resources

    Whitepaper: https://assets.website-files.com/611153e7af981472d8da199c/618b02d13e938ae1f8ad1e45_Terra_White_paper.pdf

    Official Website: https://www.terra.money/

    How Does TerraClassicUSD Work?

    TerraClassicUSD operates through a unique “mint and burn” algorithm involving USTC and its native asset, Luna Classic (LUNC). When USTC’s price is below $1, users can burn 1 USTC to mint $1 worth of LUNC, and when USTC’s price is above $1, users can burn $1’s worth of LUNC to mint 1 USTC. This algorithm aims to maintain price stability through arbitrage trading efforts controlling the supply and demand of USTC and LUNC.

    The Terra Classic blockchain, introduced in April 2019 by Terraform Labs, was designed to establish a global payment system driven by fiat-pegged stablecoins backed by a floating-rate cryptocurrency, Luna Classic (LUNC). It utilized smart contracts to mint and burn stablecoins like USTC in response to supply and demand fluctuations, with Luna Classic absorbing the stablecoins' price volatility and acting as collateral and a governance token.

    However, in May 2022, Terra Classic suffered a catastrophic collapse when USTC lost its peg to the US dollar, leading to a severe sell-off of USTC and hyperinflation and devaluation of LUNC. This event prompted the creation of a new chain called Terra (LUNA) with new tokenomics and governance to prevent such disasters, and the original Terra chain was rebranded as Terra Classic.

    What Is TerraClassicUSD Token?

    USTC, the token representing TerraClassicUSD, is a crucial component of the Terra Classic ecosystem, serving as a medium of exchange and a pricing benchmark for decentralized applications. Despite the challenges faced by the Terra Classic blockchain, USTC continues to be a significant player in the crypto market, offering users the ability to earn interest by staking their tokens on platforms like Anchor Protocol and facilitating asset and token transfers, transactions, and smart contract interactions through various wallets and protocols.

    USTC does not have a maximum supply because its supply and price are controlled by the reserve and algorithms. USTC’s circulating supply as of this writing is 9,787,880,337.

    TerraClassicUSD's Impact on Finance

    TerraClassicUSD has had a profound impact on the world of decentralized finance (DeFi) by providing a scalable and yield-bearing stablecoin option in the crypto market. Its algorithmic design and interoperability with other blockchains have allowed it to meet the demands of various DeFi protocols without compromising speed or security. However, the risks and vulnerabilities associated with Terra Classic and LUNC highlight the challenges and uncertainties inherent in the rapidly evolving world of blockchain and cryptocurrency.

    What Determines TerraClassicUSD's Price?

    The price of TerraClassicUSD (USTC), like other cryptocurrencies, is fundamentally influenced by various factors in the cryptocurrency market. Market supply and demand dynamics play a pivotal role in determining the price of this token. When the demand for USTC increases, perhaps due to positive cryptocurrency news or favorable cryptocurrency trends, the price is likely to rise. Conversely, if the supply of USTC exceeds demand, possibly due to adverse cryptocurrency regulation or negative market events, the price is likely to fall. Cryptocurrency enthusiasts and the crypto community closely monitor these dynamics, utilizing cryptocurrency analysis and cryptocurrency charts to make informed predictions and decisions.

    Cryptocurrency experts and influencers often delve into extensive crypto market analysis to forecast the potential price movements of tokens like USTC, considering factors like cryptocurrency security, risks, and market volatility. These analyses often lead to varied cryptocurrency price predictions for 2023 and beyond, aiding both beginners and seasoned investors in shaping their cryptocurrency trading strategies and crypto portfolio management. For those looking to buy USTC, it can be acquired on leading exchanges such as Bitget, where users can analyze the cryptocurrency market trends and make the best crypto investment for 2023 based on informed decisions. Whether USTC is a good investment or not largely depends on individual risk tolerance, investment goals, and the ever-evolving landscape of cryptocurrency adoption and development.

    TerraClassicUSD price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +2.00%+7.31%+5.14%+44.86%+99.14%-97.72%

    TerraClassicUSD price history in USD

    The price of TerraClassicUSD is +99.14% over the last year. The highest price of USTC in USD in the last year was $0.07581 and the lowest price of USTC in USD in the last year was $0.01126.
    TimeLowHigh
    24h$0.02333$0.02806
    7d$0.01953$0.02806
    30d$0.01953$0.02806
    90d$0.01181$0.02806
    1y$0.01126$0.07581
    All-time$0.006218(2022-06-18, 2 years ago )$1.05(2021-01-30, 3 years ago )

    TerraClassicUSD market information

    Market cap
    $138,908,773.77
    +2.00%
    Fully diluted market cap
    $194,034,952.25
    +2.00%
    Volume (24h)
    $111,008,024.97
    +445.56%
    Market rankings
    Circulation rate
    +71.00%
    24h volume / market cap
    0.7991
    Circulating supply
    5,829,410,300 USTC
    Total supply / Max supply
    8.14B USTC
    -- USTC
    Buy TerraClassicUSD now

    TerraClassicUSD Social Data

    In the last 24 hours, the social media sentiment score for TerraClassicUSD was 3, and the social media sentiment towards TerraClassicUSD price trend was Bullish. The overall TerraClassicUSD social media score was 0, which ranks 576 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with TerraClassicUSD being mentioned with a frequency ratio of 0%, ranking 513 among all cryptocurrencies.

    In the last 24 hours, there were a total of 243 unique users discussing TerraClassicUSD, with a total of TerraClassicUSD mentions of 37. However, compared to the previous 24-hour period, the number of unique users increase by 11%, and the total number of mentions has decrease by 18%.

    On Twitter, there were a total of 0 tweets mentioning TerraClassicUSD in the last 24 hours. Among them, 0% are bullish on TerraClassicUSD, 0% are bearish on TerraClassicUSD, and 100% are neutral on TerraClassicUSD.

    On Reddit, there were 3 posts mentioning TerraClassicUSD in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 25% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#576)
    Social contributors (24h)
    243
    +11%
    Social media mentions (24h)
    37(#513)
    -18%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    0
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    3
    Reddit posts (24h)
    3
    -25%
    Reddit comments (24h)
    0
    0%

    How to buy TerraClassicUSD(USTC)

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    Buy TerraClassicUSD (USTC)

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    Use a variety of payment options to buy TerraClassicUSD on Bitget. We'll show you how.

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    TerraClassicUSD news

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    CryptoNews2024-10-22 14:57

    FAQ

    What is use case of TerraClassicUSD?

    The use case of TerraClassicUSD (USTC) revolves around providing a decentralized and algorithmic stablecoin that is designed to be pegged to the US dollar. While its initial pegging was on the old Terra blockchain, which later rebranded to Terra Classic, the stablecoin's purpose is to maintain price stability in the crypto market. Key use cases of TerraClassicUSD (USTC) include: - Stable Transactions: USTC serves as a stable medium of exchange, allowing users to transact and make payments without the price volatility commonly associated with cryptocurrencies. - Store of Value: Users can hold USTC as a store of value, similar to traditional fiat currencies. Its stability makes it suitable for preserving wealth in the crypto space. - Trading: Traders often use stablecoins like USTC as a trading pair on various cryptocurrency exchanges. It provides a stable reference point for trading against other digital assets. - Lending and Borrowing: DeFi platforms and lending protocols often use stablecoins like USTC as collateral or for borrowing purposes. - Decentralized Applications (dApps): USTC can be integrated into dApps, enabling developers to create applications that require a stable currency for various use cases, including gaming, finance, and more. - Remittances: Due to its stability, USTC can be used for cross-border remittances, providing a cost-effective and efficient means of transferring value internationally. - Hedging: Cryptocurrency users and investors may use USTC to hedge against market volatility, temporarily moving their assets into a stablecoin during uncertain market conditions. It's important to note that USTC's value stability is maintained through algorithmic mechanisms rather than being backed by physical reserves of US dollars, differentiating it from fiat-backed stablecoins. The Terra Classic blockchain employs LUNA Classic (LUNC) and a unique algorithm to control the supply and demand of USTC, striving to keep its price as close to the US dollar as possible despite market fluctuations.

    Is TerraClassicUSD a good investment?

    TerraClassicUSD (USTC) is an algorithmic-backed stablecoin that aims to maintain its value close to the US dollar. However, it has faced challenges, particularly after the collapse in May 2022, which led to excessive minting of tokens and a loss of its peg to the USD. Here are some key points to summarize: - USTC's value has struggled due to an oversupply of tokens, causing it to lose its peg to the US dollar. - Restoring investor confidence could potentially help USTC regain its $1 peg and encourage wider adoption. - Increased adoption of USTC and the Terra Classic blockchain could boost the ecosystem and contribute to higher demand for the stablecoin. - Regulatory challenges may pose risks to USTC, given its history and re-pegging efforts, making it a digital asset that requires careful consideration before investment. Investors should be cautious and monitor the developments surrounding USTC, as its future value and stability depend on various factors, including regulatory considerations and market sentiment.

    Can I mine TerraClassicUSD?

    TerraClassicUSD (USTC) operates on a proof-of-stake (PoS) blockchain, where coins are earned through staking or running a master node, unlike Bitcoin, which relies on mining through hashing algorithms.

    What are the differences between TerraUSD (UST) and TerraClassicUSD (USTC)?

    The critical differences between TerraUSD (UST) and TerraClassicUSD (USTC) stablecoins are as follows: - Operating Blockchain: UST operated on the old Terra network, which was rebranded to Terra Classic (Terra 1.0) after the May 2022 market crash. UST was rebranded as TerraClassicUSD (USTC). A new Terra blockchain was launched, which no longer supports stablecoins, and its native token is LUNA. - Peg to USD: UST was a popular stablecoin known for maintaining its peg to the US dollar until the May 2022 market crash. USTC aims to restore its peg but is currently de-pegged. - Market Rank and Cap: UST was a top-10 cryptocurrency by market cap before its collapse, with a peak market cap of over $9 billion in December 2021. USTC, in contrast, holds a market rank of 112 as of August 2022, with a market cap of under $317 million.

    What happened to TerraUSD (UST)?

    The TerraUSD (UST), formerly the largest algorithmic stablecoin and the third-largest stablecoin overall, lost its peg to the US dollar in May 2022. This occurred due to imbalances in the Anchor Protocol, a DeFi platform offering high lending returns for UST. Large withdrawals from Anchor Protocol triggered panic, causing UST investors to sell, leading to a crisis in the Terra blockchain. To address this, Terraform Labs announced a revival plan, rebranding Terra 1.0 as Terra Classic and introducing TerraClassicUSD (USTC), but investor confidence remains uncertain as of August 2022. The events resulted in estimated losses of over $40 billion.

    What is the history of TerraClassicUSD?

    Terra is a blockchain platform founded in April 2019 with its native token LUNA, aiming to promote cryptocurrency adoption for global payments. Supported by the Terra Alliance of 15 Asian e-commerce businesses, it launched the TerraUSD stablecoin in September 2020, becoming a top stablecoin. After a market downturn, Terraform Labs rebranded the original Terra blockchain as Terra Classic (Terra 1.0), renaming its digital assets to LUNA Classic (LUNC) and TerraClassicUSD (USTC). The new Terra ecosystem continues to support dApps from the old Terra Classic network, and both Terra and Terra Classic use a Proof-of-Stake (PoS) consensus mechanism.

    What is the current price of TerraClassicUSD?

    The live price of TerraClassicUSD is $0.02 per (USTC/USD) with a current market cap of $138,908,773.77 USD. TerraClassicUSD's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. TerraClassicUSD's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of TerraClassicUSD?

    Over the last 24 hours, the trading volume of TerraClassicUSD is $111.01M.

    What is the all-time high of TerraClassicUSD?

    The all-time high of TerraClassicUSD is $1.05. This all-time high is highest price for TerraClassicUSD since it was launched.

    Can I buy TerraClassicUSD on Bitget?

    Yes, TerraClassicUSD is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy TerraClassicUSD guide.

    Can I get a steady income from investing in TerraClassicUSD?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy TerraClassicUSD with the lowest fee?

    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

    Where can I buy TerraClassicUSD (USTC)?

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    Cryptocurrency investments, including buying TerraClassicUSD online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy TerraClassicUSD, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your TerraClassicUSD purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    USTC/USDT

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    USTC/USDT

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