Is TerraClassicUSD (USTC) a Good Investment?

Here are some reasons why you could consider including $USTC in your crypto portfolio: Investment Potential Despite its initial conception as a stablecoin, USTC has shown significant price movements, offering investment and profit opportunities. Recent price surges demonstrate its potential as a lucrative investment option within the crypto market. Terra Community’s Recovery Initiatives The Terra Classic community's efforts to push USTC's value beyond the $1 mark, including proposals to re-enable market modules and support from Terra Classic Labs, highlight USTC's central role in the ecosystem's recovery plans. High Yield Opportunities Staking USTC or participating in DeFi protocols with USTC can offer attractive returns and passive income streams. Increasing Adoption of USTC Crypto With growing transaction volumes and initiatives to re-stabilize USTC, its adoption and acceptance could increase.

What Is TerraClassicUSD Price Prediction?

While we cannot provide a reliable USTC price prediction, the following factors could help you better understand the volatility in the TerraClassicUSD crypto: 1. Market Sentiment: General investor sentiment towards cryptocurrencies and specific news or developments related to TerraClassicUSD can significantly impact the USTC price.2. Community Initiatives: Efforts by the Terra Classic community, like token burns or proposals to stabilize USTC, can affect the TerraClassicUSD price.3. Regulatory Changes: Regulatory decisions impacting cryptocurrencies can influence the USTC crypto price.4. Adoption and Use Cases: Increased adoption of USTC for payments, trading, or in DeFi platforms can drive the demand and price of USTC token.5. Overall Crypto Market Trends: The USTC token price is also subject to broader trends in the cryptocurrency market. A positive or bullish sentiment among investors could drive an uptrend in the USTC to USD price. On the other hand, bear market conditions could cause selloffs that weaken the price of TerraClassicUSD crypto.

What Happened to TerraUSD (UST) Stablecoin?

Before its collapse, TerraUSD (UST), later rebranded as TerraClassicUSD (USTC), was a leading algorithmic stablecoin and the third-largest in the crypto market. The downfall began in early May 2022, when large holders (whales) started withdrawing UST liquidity from Anchor Protocol, a popular DeFi platform offering high returns on UST lending, as high as 19.5%. The platform struggled with an imbalance between lenders and borrowers of UST, rendering its high yields unsustainable.The panic intensified in May 2022 as UST investors rapidly sold off the stablecoin. The Terra blockchain responded by excessively minting LUNA, attempting to restabilize UST's peg to the US dollar. Unfortunately, this led to a drastic price crash for both LUNA and UST, culminating in the implosion of Terra’s primary crypto assets and investor losses estimated at over $40 billion.Following these events, Terraform Labs initiated a revival plan, creating a new Terra blockchain (Terra 2.0) and rebranding Terra 1.0 to Terra Classic. LUNA and UST tokens were renamed to LUNA Classic (LUNC) and TerraClassicUSD (USTC), respectively. As of late 2023, USTC had shown signs of recovery despite facing challenges such as being listed as an unregistered security by the SEC. Its price rose significantly, reaching about $0.03685 by November 28, 2023. Several price predictions for USTC have been made, ranging from $0.0375 to $0.065 by the end of 2023 and even up to $1.03 by 2030.Despite the past challenges, the Terra Classic ecosystem is showing signs of recovery, with new projects launching and existing projects gaining traction. USTC is slowly regaining its peg to the US dollar, and new use cases are being developed, such as in DeFi and stablecoin swaps. However, it's important to remember that the cryptocurrency market is volatile, and USTC's price could be affected by negative news or developments.

How Many TerraClassicUSD Coins Are There?

As of December 2023, the circulating supply of TerraClassicUSD (USTC) varies between 8.98 billion and 9.79 billion tokens, with a maximum supply of 10.25 billion USTC tokens. The high circulating supply of USTC has been a significant factor in its prolonged de-pegging from the US dollar.However, as more tokens are removed from circulation, primarily through token burning initiatives undertaken by the Terra Classic community, there is potential for the market capitalization of USTC to remain supported. This could contribute to the TerraClassicUSD price gradually rebounding to its original peg of $1.The Terra Classic community's commitment to reducing USTC's supply and the crypto's evolving role in the market are essential factors in its potential recovery. As the Terra Classic ecosystem continues to develop, with new projects emerging and existing ones gaining traction, the demand and use cases for USTC are also expected to evolve. This could further influence the USTC's market capitalization and its path toward stabilizing its value relative to the US dollar.

What Is the Difference Between USTC and UST?

The key differences between TerraUSD (UST) and TerraClassicUSD (USTC) stablecoins primarily lie in their operational blockchain, peg to USD, and market rank and cap.Operating Blockchain: Terra vs. Terra Classic UST operated on the original Terra blockchain. Post the market crash in May 2022, Terraform Labs rebranded this blockchain as Terra Classic, and UST was renamed TerraClassicUSD (USTC). A new Terra blockchain was launched, moving away from supporting stablecoins, with a new native digital token called LUNA, while the original LUNA was rebranded as LUNA Classic (LUNC).Peg to USD UST was a highly popular stablecoin, maintaining a consistent peg to the US dollar until the May 2022 crash. In contrast, USTC has struggled to regain its $1 peg since then. Recently, there have been significant efforts, including a proposal by developer Tobias Andersen (Zaradar), to re-peg USTC to the dollar. This proposal outlines various routes and mechanisms, such as quantitative easing and tightening, to stabilize USTC's value. Market Rank and Market Cap Before its collapse, UST was among the top 10 cryptocurrencies by market cap, peaking at over $9 billion. As of December 2023, USTC's market rank stood at 94, with a market cap of approximately $245 million. However, following the release of the re-peg proposal, USTC's price surged significantly, trading at around $0.41, indicating a potential recovery and increased market confidence.

Will USTC Price Reach $1?

As of December 2023, the journey of TerraClassicUSD (USTC) toward regaining its $1 peg has seen a mix of developments and challenges. The USTC rebranded from TerraUSD (UST) and has struggled to reclaim its peg to the USD since its de-pegging event in May 2022, primarily due to its high circulating supply and reduced adoption compared to its former self.However, recent developments suggest a potential for USTC's recovery:1. Price Surge: USTC has experienced a significant price surge, jumping from $0.0167 to $0.06579, a 301% increase. This rally has been driven by a mix of factors, including strategic investments and market optimism.2. Community Proposals: The Terra Classic community has actively been working on proposals to support USTC's journey back to $1. One such proposal, submitted by the L1 Team, aims to create a test environment for evaluating conditions necessary for a successful USTC re-peg event. 3. Market Dynamics: Recent bullish market dynamics, including a significant rise in USTC's trading volume and market capitalization, indicate growing investor interest and confidence in USTC. 4. Other Positive Developments: Terra Classic Labs' strategic investment in USTC and the listing of USTC on Binance Futures have further bolstered its market presence and potential for recovery. While one price prediction suggests that USTC could reach $0.49 in the next two years, achieving the $1 mark remains a more challenging goal. The community's efforts and market dynamics are pivotal in shaping USTC's future trajectory. It's important to note that the cryptocurrency market is highly volatile, and while there's optimism within the Terra Classic community, the $1 target for USTC remains speculative and subject to market conditions.

How to Earn Interest on USTC Holdings

To earn interest on TerraClassicUSD (USTC) holdings, you can follow these steps:1. Look for crypto platforms offering staking or savings accounts for USTC. These could be centralized exchanges (CEXs), DEXs, DeFi platforms, or other crypto financial services.2. Compare the Annual Percentage Yield (APY), platform reliability, and other terms like lock-up periods and fees.3. Sign up on your chosen platform and complete any necessary verification processes.4. Buy USTC on KuCoin and transfer it to your wallet. Connect your wallet to the platform. 5. Follow the platform's process to stake or deposit your USTC into a savings account to start earning interest.6. Regularly check your earnings and adjust your strategy as needed.

How to Buy Terra Classic USD (USTC)

Price of Terra Classic USD (24h)$0.0171698763182136

2.31%

Real-Time USTC Rate Converter

Interested in buying Terra Classic USD (USTC) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Terra Classic USD (USTC) instantly wherever you are! Check out all the ways you can buy USTC on KuCoin.

Buy Terra Classic USD (USTC) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Terra Classic USD (USTC)

Use a variety of payment options to buy Terra Classic USD on KuCoin. We'll show you how.

Choose How You Want to Buy Terra Classic USD on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Terra Classic USD (USTC).

Buy Terra Classic USD (USTC) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Terra Classic USD (USTC). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Terra Classic USD (USTC) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Terra Classic USD (USTC).

Tip: KuCoin offers a variety of order types to buy Terra Classic USD (USTC) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Terra Classic USD (USTC) in your Trading Account.

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How to Store Terra Classic USD (USTC)

The best way to store Terra Classic USD (USTC) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Terra Classic USD (USTC).

Store Terra Classic USD in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Terra Classic USD in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Terra Classic USD (USTC) to a non-custodial wallet. Storing Terra Classic USD (USTC) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Terra Classic USD (USTC) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Terra Classic USD (USTC).

What Can You Do with Terra Classic USD (USTC) on KuCoin?

Hold

Store your Terra Classic USD (USTC) in your KuCoin account.

Trade

Trade Terra Classic USD (USTC) in the spot and futures markets.

Earn

Earn passive income by staking or lending Terra Classic USD (USTC).

Why Is KuCoin the Best Platform to Buy Terra Classic USD (USTC)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Terra Classic USD and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Terra Classic USD (USTC) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain USTC in an instant when you buy on KuCoin.

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Terra Classic USD (USTC) Price Analysis

Live Price

The live price of USTC is 0.01765 USD, representing a decrease of -25.05% in the past 7 days and 2.31% increase in the past 24 hours.

Historical Trends

The all-time high of USTC was -- USD on Invalid date, from which the coin is now down undefined.
The all-time low of USTC was -- USD, from which the coin is now up undefined.

ATL --

ATH --

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Disclaimer

Given the nature of the crypto market, the price of Terra Classic USD (USTC) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.