TerraUSD is an algorithm-based stablecoin created on Ethereum and Terra blockchain networks. Like other stablecoins, TerraUSD (UST) price is always equal to one USD. As an algorithm-based stablecoin, UST is not backed by real-life assets or fiat currency. The stable price is maintained by the unique algorithm. TerraUSD was launched in September 2020. It is still relatively new and unproven technology.
With a total market cap of over $124 million, TerraClassicUSD is the No. 179 cryptocurrency by market size. The currency symbol for TerraClassicUSD is USTC and it originated in South Korea. TerraClassicUSD uses the SHA-256 hashing algorithm. The total supply of TerraClassicUSD is 9.7 billion coins.
The original Terra Chain will be rebranded as Terra Classic. Please visit this post and Twitter annoucement for more info. UST has remained de-pegged from the US dollar since 9th May 2022.
We found crypto protocols offering up to 18% APY on TerraClassicUSD deposits and loans as low as 6.9% APR against TerraClassicUSD used as collateral. Check out our TerraClassicUSD staking yields table and TerraClassicUSD loan rates table for further details.
The technical price analysis for TerraClassicUSD below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of TerraClassicUSD.
Currently 72% of users are positive about TerraClassicUSD.
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TerraClassicUSD FAQs
QWhic country did TerraClassicUSD originated from?
ATerraClassicUSD originated from South Korea.
QWhat hashing algorithm does TerraClassicUSD use?
ATerraClassicUSD uses the hasing algortihm SHA-256.
QWhat was the highest price that TerraClassicUSD ever reached?
AThe highest price that TerraClassicUSD ever reached was $1.09 USD. This all time high price occured on 11 Jan 2021.
QWhat was the lowest price that TerraClassicUSD ever reached?
AThe lowest price that TerraClassicUSD ever reached was $0.0060191 USD. This all time low price occured on 18 Jun 2022.
QIs TerraClassicUSD a stablecoin?
AYes TerraClassicUSD is a stablecoin which means that it's value is pegged to a fiat currency and should maintain a fairly constantly exchange rate with that currency.
QWhat ecosystem is TerraClassicUSD part of?
ATerraClassicUSD is part of the Terra, Cosmos, Injective and Bnb Chain ecosystems.
QIs it possible to stake TerraClassicUSD to generate passive income?
AYes, staking is available for TerraClassicUSD on a number of platforms. For a full list of TerraClassicUSD staking yields see our list of TerraClassicUSD staking yields.
QHow much can I earn staking TerraClassicUSD?
AYou can earn up to 18% APY by staking your TerraClassicUSD tokens. Check out our TerraClassicUSD staking yields table for further details.
QWhere is the best place to stake TerraClassicUSD?
ARight now the best staking rates are on Nexo with an income rate of up to 18% APY.
QIs it a good time to buy TerraClassicUSD?
AYou can check the technical indicators for TerraClassicUSD on the TerraClassicUSD Price Trend tab. These indicators are based on the analysis of multiple trading signals for TerraClassicUSD.
QWhere is the best place to buy TerraClassicUSD?
AYou can find the cheapest exchange on which to buy TerraClassicUSD on the TerraClassicUSD Buy tab.
QCan you get a TerraClassicUSD loan without collateral?
AAlmost all TerraClassicUSD loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is TerraClassicUSD flash loans which allow you to borrow uncollateralised TerraClassicUSD for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all TerraClassicUSD loans on the TerraClassicUSD Loans tab.
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