USTC
USTC

TerraClassicUSD price

₺0.50822
+₺0.0027837
(+0.55%)
Price change for the last 24 hours
TRYTRY

TerraClassicUSD market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
₺2.84B
Circulating supply
5,594,103,710 USTC
91.78% of
6,095,055,739 USTC
Market cap ranking
197
Audits
CertiK
Last audit: Sep 26, 2022, (UTC+8)
24h high
₺0.51100
24h low
₺0.49191
All-time high
₺3.9273
-87.06% (-₺3.4191)
Last updated: Jun 29, 2022, (UTC+8)
All-time low
₺0.23224
+118.83% (+₺0.27598)
Last updated: Jun 19, 2022, (UTC+8)
How are you feeling about USTC today?
Share your sentiments here by giving a thumbs up if you’re feeling bullish about the coin or a thumbs down if you’re feeling bearish.
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Keep up with TerraClassicUSD's price in a tap
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TerraClassicUSD Feed

The following content is sourced from .
Jay Gemz
Jay Gemz
$SOLAMI is up 3x from the bottom and the 2 best derivs $USTC and #SOYLANA are still at the floor. Easy 10x plays here imo. USTC (20k) F9rND8bg5pSfWepvgoDvuJimeKFThxFW3VWP8d2Vpump SOYLANA (7k) 6jke7C1BgiPPqoCXHrbvYrp7R872CSYbRnq3jp7Jpump
4.97K
6
阿科
阿科
After watching for a long time, here's a report on $huma: 1. This protocol is very similar to early P2P systems, where both retail and institutional investors can put in money, and then the protocol lends that money to those in greater need, with the interest received being the APY for your deposits. 2. From the perspective of empowering Circle, it’s like a budget version of Anchor for UST, with targeted deposits of USTC earning interest, which is one of the few business products that can expand the USTC channels. 3. Theoretically, it can benefit from the growth of stablecoins in the cross-border payment sector, and the current growth rate is quite close to that of USDC in payments. 4. The team seems quite approachable, and they have been delivering after launching the token; the business appears to be profitable, and they seem to be planning buybacks and dividends. 5. According to the publicly available data on Dune, it looks good, with a steep business growth curve, and annual revenue could reach 10M+, but I haven't clarified whether this is net or includes the entire LP. Based on GPT's analysis, I tend to believe it refers to projected annual revenue. However, there are a few points of doubt: 1. The idea of stablecoins doing B-end cross-border payments might be a false proposition; for instance, USTC's payment business accounts for less than 1% of revenue, and Tether is even less. 2. The issue with P2P is that the initial idea is beautiful, but as it progresses, there are fewer people who need to borrow at high interest rates, while many want to deposit at high interest, leading to a situation where all that’s left are fake businesses, using new deposits to pay old interest. So I worry about whether Huma will have enough asset packages to issue later, after all, who wouldn't like a 10.5% APY? In summary, a more prudent approach is to monitor the data and the sources of new asset packages, investing based on fundamentals. Alternatively, one could just wait; in the future, there may be speculation on the payment functions of stablecoins, which would bring Huma its own opportunities.
Show original
27.64K
7
青云☁️
青云☁️
The day I ate the crayfish, I missed the moment of destiny in my life. Brother Feng, this time, I don't want to lose again!
风无向🎒🔆
风无向🎒🔆
I only agree with one way to borrow money from the counter to enter the currency circle, that is, you can borrow less than 6% interest at a very low interest. The way of cooperation, which can be combined with a fixed interest rate and a certain amount of dividends, depends on trust. At the same time, you can get a certain amount of income through very stable methods such as hairing, mining, and farming, and your assets can generally cover this part of the debt. For example, if you have 2 million, borrow 2 million to disperse several protocols to pick up hair and farm. Moreover, your model and strategy, team and other advantages can be used to stabilize profits. To tell you a story, before mid-2023, my amount of funds is still average. I remember when Farm Frind tech, a lot of funds were deposited in ZKS, Linea and other L2 at that time, and the amount of funds was limited, so it was necessary to retain some funds for speculation and turnover. I talked about cooperation with a very good friend outside the circle, divided into 30%, about 15W knife, and finally he thought about it for a few days to give me an offer is to sign an IOU, and the income is 5% a year, and the excess part, I looked at the dividend, and I refused. Talking about cooperation with a more powerful friend in the circle 100-200E was also politely rejected. At that time, my credibility may not be worth 100E in his eyes. In the end, when talking about it when I was eating crayfish with Tintin, she was very willing not to make an IOU and was willing to accept the wear and tear cooperation. Of course, in the last 6E (1500 buy price) wear, I also gave her a profit of 97E (3000+ E at market price). Of course, FT's subsequent increase in positions is largely due to the fact that I bought 100,000 dollars at 0.019 in USTC at that time, and the currency leverage doubled by 200,000 dollars, and then increased by 3.5 times the next day, earning 500,000 dollars in one day. This is the help of luck, and then I bought half of the profit to buy ETH and deposited it into the matrix number of FT in batches, which also laid the foundation for getting a big result of 2M after the final issuance. I have a friend who has recently been using WEB2 to farm protocols with high expected returns, such as BP. For example, he wears 2%, and the cost of capital is 3% for half a year. Use 5% wear and tear for half a year 20%+ or even higher returns. This way is possible. Borrowing money and increasing leverage is certainly not to gamble, this way may make you rich, but the cost and fault tolerance of zeroing out is something that no one can afford. Be sure to have a back hand. Be sure not to run on one leg and only speculate on coins and gamble. Hair group: There are often laughter and laughter, and some people celebrate with red envelopes. Trading group: Most of the time there is a lot of resentment, and no one speaks. Dog Zhuang Group: Today's yacht, tomorrow's tender model, the day after tomorrow Texas night sheng song. Don't be the one who doesn't talk.
Show original
9.02K
5
风无向🎒🔆
风无向🎒🔆
I only agree with one way to borrow money from the counter to enter the currency circle, that is, you can borrow less than 6% interest at a very low interest. The way of cooperation, which can be combined with a fixed interest rate and a certain amount of dividends, depends on trust. At the same time, you can get a certain amount of income through very stable methods such as hairing, mining, and farming, and your assets can generally cover this part of the debt. For example, if you have 2 million, borrow 2 million to disperse several protocols to pick up hair and farm. Moreover, your model and strategy, team and other advantages can be used to stabilize profits. To tell you a story, before mid-2023, my amount of funds is still average. I remember when Farm Frind tech, a lot of funds were deposited in ZKS, Linea and other L2 at that time, and the amount of funds was limited, so it was necessary to retain some funds for speculation and turnover. I talked about cooperation with a very good friend outside the circle, divided into 30%, about 15W knife, and finally he thought about it for a few days to give me an offer is to sign an IOU, and the income is 5% a year, and the excess part, I looked at the dividend, and I refused. Talking about cooperation with a more powerful friend in the circle 100-200E was also politely rejected. At that time, my credibility may not be worth 100E in his eyes. In the end, when talking about it when I was eating crayfish with Tintin, she was very willing not to make an IOU and was willing to accept the wear and tear cooperation. Of course, in the last 6E (1500 buy price) wear, I also gave her a profit of 97E (3000+ E at market price). Of course, FT's subsequent increase in positions is largely due to the fact that I bought 100,000 dollars at 0.019 in USTC at that time, and the currency leverage doubled by 200,000 dollars, and then increased by 3.5 times the next day, earning 500,000 dollars in one day. This is the help of luck, and then I bought half of the profit to buy ETH and deposited it into the matrix number of FT in batches, which also laid the foundation for getting a big result of 2M after the final issuance. I have a friend who has recently been using WEB2 to farm protocols with high expected returns, such as BP. For example, he wears 2%, and the cost of capital is 3% for half a year. Use 5% wear and tear for half a year 20%+ or even higher returns. This way is possible. Borrowing money and increasing leverage is certainly not to gamble, this way may make you rich, but the cost and fault tolerance of zeroing out is something that no one can afford. Be sure to have a back hand. Be sure not to run on one leg and only speculate on coins and gamble. Hair group: There are often laughter and laughter, and some people celebrate with red envelopes. Trading group: Most of the time there is a lot of resentment, and no one speaks. Dog Zhuang Group: Today's yacht, tomorrow's tender model, the day after tomorrow Texas night sheng song. Don't be the one who doesn't talk.
Show original
98.78K
297
prerich
prerich
Today's trending tokens on @prerich_app 🔥 $TAXY $solami $NaNa $MEERKAT $USB $GOR $USTC $ACID $lolcoin Hope you guys had a winner
18.34K
24

Convert TRY to USTC

TRYTRY
USTCUSTC

TerraClassicUSD price performance in TRY

The current price of TerraClassicUSD is ₺0.50822. Over the last 24 hours, TerraClassicUSD has increased by +0.55%. It currently has a circulating supply of 5,594,103,710 USTC and a maximum supply of 6,095,055,739 USTC, giving it a fully diluted market cap of ₺2.84B. At present, TerraClassicUSD holds the 197 position in market cap rankings. The TerraClassicUSD/TRY price is updated in real-time.
Today
+₺0.0027837
+0.55%
7 days
+₺0.018293
+3.73%
30 days
+₺0.047720
+10.36%
3 months
+₺0.029825
+6.23%

About TerraClassicUSD (USTC)

1.5/5
TokenInsight
1.5
11/09/2022
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

TerraClassicUSD (USTC), previously known as TerraUSD (UST), is the decentralized and algorithmic stablecoin of the Terra Classic blockchain, created to deliver scalable DeFi solutions across chains. USTC is the name and ticker symbol of TerraClassicUSD.

Popular stablecoins like Tether (USDT) and USD Coin (USDC) are controlled by centralized companies. Conversely, USTC is an algorithmic stablecoin aiming to build a fully decentralized finance ecosystem.

To mint USTC, you must burn the equivalent USD amount of Luna Classic (LUNC). Terra's market module algorithm always allows you to trade 1 USD worth of LUNC for 1 USTC and vice versa, regardless of the market price of USTC. Arbitrageurs are, thus, incentivized to maintain the price of USTC every time the value of USTC fluctuates from the pegged price.

Terra has a list of other algorithmic stablecoins pegged to their fiat counterparts. For example, TerraKRW (KRT) tracks the South Korean Won. You can swap between Terra stablecoins with minimal fees, allowing you to exchange international currencies easily.

USTC price and tokenomics

USTC stablecoin does not have a capped supply. Instead, new USTC tokens enter into circulation when LUNC tokens are burned. After the UST depeg, UST is now known as USTC and only trades on the old Terra Classic blockchain.

Similarly, the original LUNA token is renamed Luna Classic, while the new Terra 2.0 token takes the name LUNA. Terra LUNA and most of its DeFi DApps migrated to the new Terra 2.0 chain. According to co-founder Do Kwon, USTC will not be migrated to the new Terra chain, and there will be no updated version of the algorithmic stablecoin.

About the founders

Daniel Shin and Do Kwon founded Terraform Labs in 2018. The Terra Alliance, a group of e-commerce companies in South Korea, incubated this software development company. Terraform Labs launched their USD-pegged stablecoin TerraUSD in September 2020.

Shin is a Wharton School graduate. Before creating Terra, he founded the leading e-commerce platform TMON, startup incubator Fast Track Asia and the popular Chai Payment app.

On the other hand, Kwon, a Stanford graduate, worked in Microsoft's natural language processing team. In 2019, he was also featured in the Forbes 30 Under 30 list.

Terra raised 58 million USD as of January 2021. Later, in their July 2021 funding round, they raised another 150 million USD. Their investors include big names like Pantera Capital, Galaxy Digital, and Coinbase Ventures, to name a few.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 43 new posts about TerraClassicUSD, driven by 23 contributors, and total online engagement reached 343 social interactions. The sentiment score for TerraClassicUSD currently stands at 72%. Compared to all cryptocurrencies, post volume for TerraClassicUSD currently ranks at 15363. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of TerraClassicUSD.
Powered by LunarCrush
Posts
43
Contributors
23
Interactions
343
Sentiment
72%
Volume rank
#15363

X

Posts
24
Interactions
277
Sentiment
78%

TerraClassicUSD FAQ

What is USTC?

TerraClassicUSD (USTC), previously known as TerraUSD (UST), is the decentralized and algorithmic stablecoin of the Terra blockchain. It was created to deliver scalable DeFi solutions across chains. After the UST depeg and subsequent migration to Terra 2.0, UST is renamed to USTC and continues trading on the old Terra Classic Blockchain.

How does USTC work?

Unlike other stablecoins, the USTC price is not backed by a reserve of stable assets. Instead, USTC is an algorithmic stablecoin with prices maintained by Terra's market module algorithm. If the demand for USTC is higher than its supply, the price of USTC surpasses its dollar peg. In this case, the Terra protocol incentivizes users to burn LUNC and mint USTC, thereby increasing the supply of USTC to match the market demand and restore its peg.

On the other hand, if the USTC supply is higher than the market demand, it falls below its peg. Here, users are incentivized to burn USTC and mint LUNC, reducing the USTC supply.

Where can I buy USTC?

Easily buy USTC tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include USTC/USDT.

You can also swap your existing cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), for USTC with zero fees and no price slippage by using OKX TR Convert.

How much is 1 TerraClassicUSD worth today?
Currently, one TerraClassicUSD is worth ₺0.50822. For answers and insight into TerraClassicUSD's price action, you're in the right place. Explore the latest TerraClassicUSD charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as TerraClassicUSD, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as TerraClassicUSD have been created as well.
Will the price of TerraClassicUSD go up today?
Check out our TerraClassicUSD price prediction page to forecast future prices and determine your price targets.

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Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

Convert TRY to USTC

TRYTRY
USTCUSTC
Keep up with TerraClassicUSD's price in a tap
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