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View ChartTerraClassicUSD (USTC) is a digital asset that originally launched as an algorithmic stablecoin under the name TerraUSD (UST) within the Terra ecosystem. It was designed to maintain a 1:1 peg to the US dollar through an automated market-module mechanism involving LUNA, the network's reserve asset. In May 2022, following the collapse of the Terra ecosystem, the core stabilizing mechanism was disabled and USTC permanently lost its dollar peg. The asset was subsequently rebranded as TerraClassicUSD, and the original Terra Chain became known as Terra Classic.
Today, USTC functions as a freely traded cryptocurrency whose price is determined purely by market supply and demand. It no longer operates as a stablecoin and has no active peg-maintenance mechanism. USTC runs on the Terra Classic blockchain alongside LUNC and is also available on Ethereum. It remains an integral part of the Terra Classic ecosystem, where it is used for DeFi applications, gas fees, and trading. With a circulating supply of approximately 5.57 billion USTC and a total supply of roughly 6.07 billion, the project is in a post-rebranding phase focused on community-driven utility exploration.
TerraClassicUSD was originally created as TerraUSD (UST) by Terraform Labs, a South Korean company co-founded by Do Kwon and Daniel Shin. TerraUSD was released on Bittrex Global in September 2020. Do Kwon and Daniel Shin are the two named co-founders associated with the project's creation. Following the collapse of the Terra ecosystem in May 2022, Terraform Labs' role diminished significantly, and the project transitioned into a community-led phase under the Terra Classic branding. Detailed public information about the current core development team is currently limited.
Under its original design, TerraUSD operated as an algorithmic stablecoin. The algorithm dictated that the cost of minting equaled the face value of the stablecoins being minted. To mint one TerraUSD, only $1 worth of Terra's reserve asset LUNA needed to be burned. This mechanism differentiated TerraUSD from fiat-backed stablecoins, which rely on 1:1 US dollar reserves. Terra stated that its TerraUSD monetary policy was infinitely scalable, helping DeFi apps and protocols achieve their full potential without restrictions.
The system was built with interoperability in mind, running across multiple blockchains including Ethereum. However, following the May 2022 collapse, the core stabilizing mechanism was disabled. USTC no longer functions as a stablecoin and has no active peg-maintenance mechanism. Its price is now determined entirely by market supply and demand. The original Terra Chain was rebranded as Terra Classic, and USTC continues to operate on that network alongside LUNC.
USTC's uniqueness lies in its history as one of the most prominent algorithmic stablecoin experiments in cryptocurrency. It demonstrated both the potential and the systemic risks of algorithmic peg mechanisms. Following its depeg, USTC became a free-floating digital asset with a fully market-driven price, which distinguishes it from both traditional stablecoins and conventional volatile cryptocurrencies.
Its value today stems from its established position within the Terra Classic ecosystem, where it retains utility for DeFi applications, gas fees, and trading. The asset benefits from a large community following, with approximately 137,000 followers on CoinMarketCap. USTC operates on the Terra Classic blockchain alongside LUNC, and its dual presence on Ethereum provides additional accessibility. Community governance continues to explore potential new utilities for USTC within the Terra Classic network, which may shape its long-term value proposition.
USTC serves several functions within the Terra Classic ecosystem. It is used for DeFi applications, gas fees, and trading on the Terra Classic network. Historically, TerraUSD could be used in the Anchor lending protocol with a 20% return on savings, though this utility was tied to the pre-collapse ecosystem. USTC can also be used for liquidity in DeFi solutions.
The token is available for trading through pairs with other cryptocurrencies such as BTC, USDT, and LUNC. It is listed on multiple centralized and decentralized platforms. Conversion pairs include USTC to AUD, BRL, CAD, EUR, GBP, HKD, RUB, SGD, TWD, and KRW. Community governance continues to explore potential new utilities for USTC within the Terra Classic network, which may expand its use cases over time.
The TerraClassicUSD ecosystem is currently in a post-collapse, community-driven phase. Following the May 2022 collapse of the Terra ecosystem and the disabling of the core stabilizing mechanism, USTC transitioned from an algorithmic stablecoin to a freely traded digital asset. The original Terra Chain was rebranded as Terra Classic, and the community has since taken over governance and development efforts.
Community governance continues to explore potential new utilities for USTC within the Terra Classic network. The ecosystem includes DeFi applications, gas fees, and trading activities. USTC operates alongside LUNC, the network's native token. Terraform Labs launched a Crypto Loss Claims Portal on March 28, 2025, which represents a step in addressing the aftermath of the collapse. The project remains listed on numerous tracking platforms and continues to be traded across 887 active markets, indicating ongoing market participation despite its reduced scope.
TerraClassicUSD is not mined through traditional proof-of-work mining. It was originally minted through an algorithmic mechanism where burning $1 worth of LUNA would mint one TerraUSD. However, following the May 2022 collapse, this mechanism was disabled, and USTC no longer has an active minting or peg-maintenance process.
Today, USTC exists as a free-floating digital asset, and there is no mining or staking mechanism to produce new USTC. The asset can be acquired through trading pairs with other cryptocurrencies such as BTC, USDT, and LUNC on various centralized and decentralized platforms. Community governance may explore new mechanisms in the future, but as of now, USTC does not have an active mining or staking protocol.
Keeping USTC safe requires following general cryptocurrency security best practices. Since USTC runs on both the Terra Classic blockchain and Ethereum, users should ensure they use compatible wallets that support these networks. Hardware wallets provide the highest level of security for long-term storage by keeping private keys offline. Software wallets such as MetaMask support USTC and allow users to buy, sell, manage, and trade the token directly.
Users should always verify contract addresses before interacting with any token. The Ethereum contract address for USTC is 0xa47c8bf37f92aBed4A126BDA807A7b7498661acD. It is important to store private keys securely, enable two-factor authentication where available, and be cautious of phishing attempts and fake tokens. Given USTC's history and volatility, investors should also be aware of the risks associated with the asset and only invest what they can afford to lose. Crypto is highly volatile and prices can move sharply in either direction.
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Thank you for your interest in BTCC. Currently, spot and futures trading services for USTC are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.
As of right now, the live price of TerraClassicUSD (USTC) is $0.00571. Its market price fluctuates in real time based on overall supply and demand, and you can check the updated USTC to USD rate at the top of BTCC’s price page. In terms of market scope, TerraClassicUSD records a 24h trading volume of $880.473903K (reflecting total buying and selling activity over the last 24 hours), with a total market cap of $31.804292M. Its current circulating supply stands at 5.58B out of a maximum supply cap of 6.08B.
The price volatility of TerraClassicUSD (USTC) is essentially driven by market supply and demand dynamics. Key factors behind its price movements include: 1) Global macroeconomic conditions and sentiment, such as Fed interest rate decisions; 2) Tokenomics, including the ratio of circulating supply (5.58B) to max supply (6.08B), as well as token unlocks and burn mechanisms; 3) Fundamental developments, such as ecosystem expansion, on-chain activity, and core protocol upgrades; and 4) Derivatives market dynamics, including leverage battles and liquidation cascades in perpetual contracts.
Looking at its historical price performance, TerraClassicUSD (USTC) hit an all-time high (ATH) of $1.04679 on 2021-01-30 02:05, representing the peak of market sentiment. Conversely, its all-time low (ATL) was recorded at $0.003975 on 2026-02-06 00:20. Note that historical highs and lows reflect past performance only and do not guarantee future price trends; investment decisions should always align with live market conditions and your personal risk tolerance.
When trading USTC futures on BTCC, technical chart analysis begins with identifying key support and resistance levels on 1D and 4H charts using historical price pivots. Next, apply MA/EMA indicators to gauge trend directions, alongside RSI (values above 70 indicate overbought conditions, while below 30 suggest oversold levels). Always validate breakout signals with the 24h trading volume ($880.473903K), as price breakouts accompanied by strong volume offer higher reliability.
Unlike spot trading where you can only profit from rising prices, BTCC’s USTCUSDT perpetual contracts support two-way trading. If you anticipate a price decline for TerraClassicUSD, simply log into your BTCC account with USDT margin available, navigate to the USTCUSDT pair, set your desired leverage and Take-Profit/Stop-Loss levels, and click "Sell/Short". Once the price drops to your target, close your position to lock in profit from the price difference.
Yes. BTCC offers flexible, high-tier leverage options for USTCUSDT perpetual futures, providing up to 500x leverage (maximum leverage limits may vary depending on liquidity). While leverage boosts capital efficiency by allowing you to control larger position sizes with less margin, it also amplifies liquidation risks proportionately. BTCC strongly advises using Stop-Loss orders to strictly manage risk when trading with high leverage.
Beginners and traders testing new strategies can switch to BTCC's "Demo Trading" mode with a single click on the App or Web interface. The demo account comes pre-loaded with risk-free virtual funds (such as 100,000 USDT). Powered by live market prices (current price: $0.00571), you can practice opening/closing positions, adjusting leverage, and setting TP/SL for USTCUSDT with zero financial risk.
Trading TerraClassicUSD (USTC) on BTCC requires just 4 simple steps: 1) Register a BTCC account and complete basic Identity Verification (KYC); 2) Buy USDT using fiat via credit card/express payment, or deposit USDT/BTC directly from an external wallet; 3) Navigate to the Futures section, search for USTCUSDT, and review its live price ($0.00571) and chart; 4) Select your margin mode and leverage, choose "Buy/Long" or "Sell/Short" based on your market outlook, set TP/SL orders, and confirm your trade.
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. The content expressed on this page is not intended to be and shall not be construed as an endorsement by BTCC regarding the reliability or accuracy of such content. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance, and consult an independent financial adviser before making any investment. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BTCC is not responsible for any losses you may incur. For more information, please refer to our Terms of Use and Risk Warning. Please also note that data relating to the above-mentioned cryptocurrency presented here (such as its current live price) are based on third-party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under BTCC’s control. BTCC is not responsible for the reliability or accuracy of such third-party sites or their contents.
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