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 $215 million, TerraClassicUSD is the No. 120 cryptocurrency by market size. The currency symbol for TerraClassicUSD is USTC. The total supply of TerraClassicUSD is 9.8 billion. We found savings accounts 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 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.
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