Market cap
$30.02M
-0.67 %
Volume (24h)
$212.35K
-0.67 %
Total supply
84,045,325 USTC
TerraClassicUSD (USTC)
$ 0.01
-0.67 %
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updated $0Market cap$30.02M
Volume 24h$212.35K
All-time high$1.09-100% from peak · 2021-01-11
TerraClassicUSD (ticker USTC) is the original stablecoin of the Terra Classic blockchain, designed to track the value of the US dollar. It was created as an algorithmic stablecoin, meaning its peg was maintained through code and arbitrage mechanics with its sister token LUNC rather than through cash reserves. After the dramatic collapse of the original Terra ecosystem in 2022, the coin kept trading under the Classic name and remains a part of crypto history.
Frequently asked questions
What is USTC and how is it different from regular stablecoins?
USTC is the legacy version of the TerraUSD stablecoin that survived the 2022 Terra ecosystem collapse. Unlike mainstream stablecoins such as USDT or USDC, which are backed by real cash and bonds held by a company, USTC was algorithmic — its peg relied on market mechanics rather than reserves. Today it no longer holds its dollar peg and trades as a free-floating asset.
How does the Terra Classic blockchain work?
Terra Classic runs on a Proof-of-Stake consensus built with the Cosmos SDK, using the Tendermint protocol for finality. A set of validators secures the network and processes transactions in exchange for staking rewards. The ecosystem supports smart contracts, primarily through the CosmWasm module, which is how the original USTC minting and redemption logic was implemented.
How was USTC issued and how does its supply work?
Originally, USTC was minted and burned through an algorithmic swap mechanism with LUNC: users could always exchange 1 USTC for $1 worth of LUNC and vice versa, which in theory kept the peg stable. When the peg broke in 2022, the supply exploded far beyond its intended level as the mechanism spiraled out of control. Since then, no new algorithmic issuance exists, and the circulating supply is essentially fixed unless the community votes to change it.
How can you store and use USTC?
USTC can be stored in any wallet that supports the Terra Classic network, such as Terra Station or Station, as well as in Cosmos-compatible wallets via IBC transfers. It is also listed on a number of centralized exchanges, where it can be traded like any other token. Practically speaking, its use today is limited — it's mainly held by community members, traders, and those following the Terra Classic revival efforts.