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USTC (TerraClassicUSD) increased by 14.74% in the past 24 hours
Gate News Bot Message, December 17th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.0074, up 14.74% in the past 24 hours, with a high of $0.0123 and a low of $0.0065. The current market capitalization is approximately $41.6 million, an increase of $5.34 million from yesterday.
USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. It was originally launched as an algorithmic stable asset within the Terra ecosystem, aiming to mirror the US dollar through on-chain market modules that balance LUNA (now LUNC) supply and demand. During the systemic collapse in May 2022, the stability mechanism was suspended, causing the dollar peg to break down, and USTC subsequently transitioned to self-
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