According to Gate News Bot, on December 09, citing CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 19.64% in the past 24 hours. Its current market capitalization is around $56 million, an increase of $9.2 million from yesterday.
USTC (TerraClassicUSD) is a token asset within the Terra Classic blockchain ecosystem, operating on an open-source decentralized blockchain built with Tendermint consensus and Cosmos-SDK. The chain is maintained by a decentralized set of validators and boasts one of the most active grassroots communities in the crypto space.
USTC was originally introduced in the Terra ecosystem as an algorithmic stable asset, designed to mirror the US dollar by balancing LUNA (now LUNC) and supply through an on-chain market module. During the crash in May 2022, after the stability mechanism failed, the US dollar peg was lost and USTC became a freely traded token, with its price now entirely fluctuating according to market demand. Today, USTC is considered a volatile digital asset but still plays an important role in the Terra Classic network—providing liquidity for DeFi pools, paying gas fees, and serving as a trading pair on CEXs and DEXs.
USTC is now listed for trading on major exchanges such as Gate. Users can manage and trade USTC assets through a variety of wallets, including Terra Station, Keplr, and Trust Wallet.
Recent Important News about USTC:
1️⃣ Overall Crypto Market Recovery Drives Investor Attention
The cryptocurrency market has recently shown signs of recovery, and as a once-mainstream algorithmic stablecoin, USTC has regained investor attention. From a 24-hour increase of 10.33% on December 05 to a 19.64% rise in the latest 24-hour period, the market’s positive sentiment toward this token is strengthening, with its market cap rising significantly from $37.77 million to $56 million.
2️⃣ Continued Development of the Terra Classic Ecosystem Maintains Utility Value
Despite the crash in May 2022, the Terra Classic network continues to develop, and USTC still plays a substantive role in the network, including providing liquidity for DeFi pools and paying gas fees. This ongoing utility forms the foundation for market demand for USTC, contributing to sustained value recognition over the long term.
3️⃣ Liquidity Across Multiple Exchanges Supports Price Stability
USTC maintains active trading pairs on several major cryptocurrency exchanges, including Gate. Ample liquidity and market depth provide investors with convenient trading channels. Broad exchange support enhances market participation, which is conducive to price stability and sustaining upward momentum for USTC.
From a fundamentals perspective, USTC’s sustained rise over the past week reflects improved market sentiment and increased participation. However, considering the token’s historical volatility, investors should remain aware of associated risks.
This information does not constitute investment advice. Please be mindful of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Funding Rate Drops to 6%, Lowest Level Since Early 2023
The Bitcoin derivatives market has seen a significant decline in the funding rate, dropping to a 30-day percentile of 6%, the lowest since early 2023. This shift reflects a strong trend toward short positions, indicating bearish sentiment and potential market volatility.
BlockChainReporter4m ago
Circle's moment of reversal: stock price doubles, on-chain transactions surpass USDT, precise positioning for Agent payments
Circle's stock price breaks through $110, reflecting the market's new valuation of its stablecoin business model. Recent financial reports show significant revenue growth, and in a high-interest-rate environment, Circle's profit prospects are optimistic. At the same time, USDC has surpassed USDT in liquidity, becoming an important tool for settlement and cross-border payments. The growth of AI Agent payments also indicates USDC's potential in the micro-payment sector, as Circle advances toward the infrastructure of the digital economy era.
PANews11m ago
Garrett Jin: Risk assets will remain under pressure until the Strait of Hormuz reopens
Garrett Jin analyzes the impact of the Strait of Hormuz crisis on the market, believing that the crisis will continue to affect risk assets and that 3 to 6 weeks are needed to rebuild the insurance mechanism. The rise in oil prices reflects supply disruptions, and risk assets need to wait for event developments before rising. The recent trend is an increase in crude oil and interest rates.
GateNews17m ago
Chiliz (CHZ) accelerates after positive technical signals, with expectations of reaching a new high
Chiliz (CHZ) is sending notable recovery signals as it trades steadily above the $0.040 USD level at the time of recording on Tuesday. The upward momentum emerged after this altcoin broke out of the (falling wedge) pattern — a technical structure often indicating the potential for a...
TapChiBitcoin1h ago
Why BADGER Just Plunged 48% in 60 Minutes
BADGER's price has sharply dropped 48.02% to $0.396084, prompting concerns among traders about market sentiment and potential future movements. Despite recent volatility, traders are monitoring stabilization and key support levels.
Coinfomania1h ago
Why PLA Just Plunged 47.81% in 60 Minutes
PLA's trading volume surged unexpectedly, causing a 47.81% price drop to $0.122501 in one hour, raising concerns about market dynamics. Low participation and whale activity may contribute to this volatility as traders await signs of recovery or further declines.
Coinfomania1h ago
