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Updated 03:20 AM UTC

USTC TerraClassicUSD

$0.0054

$0.0000146311

(0.80%)

Today

Mkt Cap$30.23M

Vol1.6M

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.

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Do Kwon Handed 15-Year Prison Term Over TerraUSD Fraud That Fueled 2022’s Crypto Meltdown

He now faces further legal exposure in South Korea after his U.S. prison term begins.

Stocktwits

Could Do Kwon’s Return Spark a $USTC Comeback?

The story of TerraClassicUSD ($USTC) remains one of the most infamous in crypto. Once designed as a stablecoin pegged to $1, it collapsed in 2022, falling from $1.01 to just $0.014 today — a 98% decline that wiped out billions in value. Despite this dramatic fall, the Terra Class...

CryptoAnu

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