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TerraClassicUSD USTC
24h range
-6.34% over this range · 160 points · from the registry's own readings
Fig. 02Markets 7 pairs on 6 exchanges
| Exchange | Price | Volume | |
|---|---|---|---|
| BinanceUSTC/USDT | $0.0054 | $247.8K | Trade ↗ |
| MEXCUSTC/USDT | $0.005408 | $65.95K | Trade ↗ |
| BybitUSTC/USDT | $0.005397 | $24.68K | Trade ↗ |
| KuCoinUSTC/USDT | $0.00539 | $13.70K | Trade ↗ |
| Gate.ioUSTC/USDT | $0.005421 | $6.64K | Trade ↗ |
| KuCoinUSTC/USDC | $0.00543 | $275.54 | Trade ↗ |
| HTXUSTC/USDT | $0.00543 | $197.08 | Trade ↗ |
Fig. 03About TerraClassicUSD
- Created
- Genesis date not published. First tracked December 22, 2021
- Algorithm
- SHA-256
- Origin
- KR
- Categories
- Stablecoins, USD Stablecoin, Seigniorage, Alleged SEC Securities, Osmosis Ecosystem, DeFiance Capital Portfolio, Terra Classic Ecosystem, YZi Labs (Prev. Binance Labs) Portfolio, Delphi Ventures Portfolio, Galaxy Digital Portfolio, Fiat-backed Stablecoin
- Contracts as the exchanges list them
- terra
uusdosmosisibc/BE1BB42D4BE3C30D50B68D7C41DB4DFCE9678E8EF8C539F6E6A9345048894FCC - History
- Daily prices since Dec 22, 2021 · view table
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.
Fig. 04Community posts about USTC
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