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What can you do with TerraClassicUSD?
Store/Hold TerraClassicUSD
Many users hold on to their TerraClassicUSD with the expectation of it increasing in value. You can store your USTC safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade TerraClassicUSD
You can trade TerraClassicUSD for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for TerraClassicUSD trading to meet your needs.
Send TerraClassicUSD
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy TerraClassicUSD online and send to anyone and anywhere with their TerraClassicUSD address.
Spend TerraClassicUSD
You can also buy goods and services with your TerraClassicUSD. More and more vendors and retailers accept TerraClassicUSD every day.
Donate TerraClassicUSD
Bitget Charity accepts TerraClassicUSD donations for global projects that aim to improve the lives of people in the bottom billion. You can donate TerraClassicUSD so no one misses out on the growth made possible by blockchain.
Learn More About TerraClassicUSD
You can read more in-depth articles on TerraClassicUSD from Bitget Research and study how cryptocurrencies like TerraClassicUSD work on Bitget Academy
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What is TerraClassicUSD (USTC)?
TerraClassicUSD is a decentralized algorithmic USD-pegged stablecoin issued by Terra. It was originally created in 2019 with the name TerraUSD, but after the collapse of the Terra ecosystem in 2022, which led to the depeg of the token, the token was aborted and its name was changed to TerraClassicUSD. Subsequently, a new TerraUSD was released to replace the depegged TerraClassicUSD.
How TerraClassicUSD (USTC) Works
As an algorithmic USD-pegged stablecoin, USTC is secured by the native token of the old Terra network, LUNA (now rebranded as LUNC), through the seigniorage process. This means that for every USTC minted, an amount of LUNC equivalent to $1 is burned. The opposite applies for the burning of USTC.
Though USTC and LUNC were forsaken by the original developer team after the collapse of Terra in 2022, a new developer community has taken up the work and continues building the ecosystem.
How Many TerraClassicUSD (USTC) Tokens Are in Circulation?
USTC does not have a total supply because its supply and price are controlled by the reserve and algorithms. USTC’s circulating supply is 9,799,450,284
How to Buy TerraClassicUSD (USTC)
Consider investing in TerraClassicUSD (USTC)? It only takes 2 minutes to create an account on Bitget and start trading USTC.
Check out the available USTC trading pairs on Bitget!
Spot market
TerraClassicUSD (USTC) Resources
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