According to Gate News Bot on December 5, citing CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 10.33% in 24 hours, with a high of $0.01 and a low of $0.01. The current market capitalization is approximately $37.77 million, an increase of nearly $3.53 million from yesterday.
TerraClassicUSD (USTC) originated as an algorithmic stable asset within the Terra ecosystem, designed to reflect the US dollar through supply and demand balance with LUNA (now LUNC). After its collapse in May 2022, USTC shifted to a freely traded token, with its price fluctuating according to market demand. USTC still plays a role in the Terra Classic network, powering DeFi pools, paying gas fees, and serving as a trading pair on CEX and DEX platforms. Major discussions and economic model releases about USTC are published on the Common governance forum.
Recent important news about USTC:
1️⃣ Market sentiment rebound drives up USTC price
The overall cryptocurrency market has recently shown signs of recovery, and USTC, once a mainstream algorithmic stablecoin, has attracted renewed attention from investors. In the past 24 hours, USTC’s price has risen significantly by 10.33%, reflecting a positive short-term outlook for the token.
2️⃣ Continued development of the Terra Classic ecosystem
Despite the collapse in May 2022, the Terra Classic network continues to develop. USTC remains important within the network, including providing liquidity for DeFi pools and paying gas fees. This ongoing utility helps sustain market demand for USTC and provides some support for its price.
3️⃣ Exchange support boosts liquidity
USTC maintains active trading pairs on several major cryptocurrency exchanges, helping to maintain its liquidity and market depth. The continued support from exchanges provides investors with convenient trading channels, favoring price stability and potential growth for USTC.
From a technical perspective, USTC has broken through recent resistance levels, showing short-term upward momentum. However, considering USTC’s historical volatility, investors should remain cautious about market risks.
This news does not constitute investment advice; please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Will XRP Hold $1.33 or Extend Toward $1.30 Before Rebound?
XRP is currently trading at $1.35, experiencing a 1.3% decline. Key support is at $1.34, while resistance is at $1.40. The price is testing around the Fibonacci levels of $1.33 and $1.30, crucial for potential upward movement or deeper decline.
CryptoNewsLand1h ago
Dogecoin Monthly Breakdown Pattern Reappears as Price Tests $0.0918
Dogecoin is currently trading at $0.09205 at a gain of 2.3, with support of above $0.08878.
As can be seen in the monthly chart, there are recurring breakdown areas that have been followed by significant expansions in price.
The short-term trading range is narrow and the immediate point o
CryptoNewsLand1h ago
Solana Nears $95 Resistance With $17B Volume Surge
Solana approaches a key resistance level near $95, with increased trading volume and open interest signaling active trader interest. The token is currently at $90.20, facing potential upward movement if it surpasses $95, but may test $85 if rejected.
CryptoFrontNews2h ago
Bitcoin Slips to $68,000 as Middle East Conflict and US Jobs Data Trigger Sell-Off
Bitcoin surrendered its $70,000 support level, triggering a broader crypto market retreat that wiped out $329 million in leveraged positions. This downturn was fueled by a perfect storm of geopolitical and macroeconomic pressures.
Wiping out the ‘War Gains’
Bitcoin’s midweek resilience
Coinpedia2h ago
PEPE Hovers at Critical $0.053414 Support as $432M Volume Surge Tightens Breakout Watch
PEPE is trading at $0.053416, just above support at $0.053414, with significant trading volume up 22.14%. Resistance is at $0.053676. Despite a slight decrease in price, there’s increased market activity, suggesting potential volatility.
CryptoNewsLand2h ago
DXY Retest at 99.183: Will 100–101 Break as US Degen Index Stabilizes?
DXY trades at 99.183 while retesting the 100–101 monthly resistance zone.
US Degen Index 6900 sits at $0.0001197 with support at $0.0001175 and resistance at $0.0001214.
A break above 101 on DXY would shift structure higher, while rejection keeps price below key resistance.
The U.
CryptoNewsLand2h ago
