TerraClassicUSD (USTC)
Rank #515
Market snapshot
- Price
- $0.00503154
- Market cap
- $28.0M
- 24h volume
- $988,947.63
- Circulating supply
- 5,574,035,643.9767
- Total supply
- 6,077,551,133.7835
- Max supply
- 6,077,551,133.7835
What is TerraClassicUSD?
TerraClassicUSD is a digital asset that operates on the Terra Classic blockchain, which remained active following the collapse of the original Terra network in 2022. It serves as a stablecoin within the ecosystem, providing a means for transactions and value storage across various decentralized applications.
How TerraClassicUSD works
TerraClassicUSD operates on the Terra Classic blockchain, which utilizes a shared public ledger to record transactions. Users can engage in peer-to-peer transactions without the need for a central authority. The network relies on community proposals and open-source contributions, allowing for collective governance and development.
Key information
- Symbol
- USTC
- CMC rank
- #515
- Network / platforms
Aurora, Avalanche C-Chain, BNB Chain, Ethereum
- Categories
- N/A
- Date added
- Sep 21, 2020
Contract address
Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.
Aurora
0x5ce9f0b6afb36135b5ddbf11705ceb65e634a9dcAvalanche C-Chain
0xb599c3590F42f8F995ECfa0f85D2980B76862fc1BNB Chain
0x23396cf899ca06c4472205fc903bdb4de249d6fc
Key characteristics
TerraClassicUSD is categorized under multiple blockchain ecosystems, including Ethereum, BNB Smart Chain, Solana, and others. It operates on a decentralized model, relying on community governance and contributions without central ownership. The open-source nature of the Terra Classic blockchain allows anyone to participate in its development and governance.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is TerraClassicUSD?
- TerraClassicUSD (USTC) is a digital asset associated with the Terra Classic blockchain, functioning as a stablecoin within various decentralized finance applications.
- How does TerraClassicUSD operate?
- TerraClassicUSD operates on the Terra Classic blockchain, utilizing a shared public ledger for peer-to-peer transactions without central authority.
- What are the technical characteristics of TerraClassicUSD?
- TerraClassicUSD is part of multiple blockchain ecosystems and operates on a decentralized model, relying on community governance and contributions.
- What are the risks associated with transferring TerraClassicUSD?
- Digital asset prices can be volatile. Users should verify contract addresses and networks before transfers and understand the custody methods.
- How can I verify the acquisition of TerraClassicUSD?
- Verify the asset name, network, and contract details before transferring. Ensure the destination address and network are correct.
- Where can I find official resources for TerraClassicUSD?
- Official resources can be found on the Terra Classic website and GitHub repository.
Related cryptocurrencies
Listed from stored network and category relationships, not a similarity score.
