BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

BITCOIN

₹62,20,407.80

1.052%

ETHEREUM

₹3,21,782.78

2.19%

TETHER USDT

₹93.05

0.011%

BNB

₹55,037.90

1.051%

SOLANA

₹16,288.94

0.7%

USDC

₹93.01

0.003%

XRP

₹54.36

1.424%

DOGECOIN

₹11.97

4.503%

CARDANO

₹39.45

2.8%

AVALANCHE

₹2,841.81

6.045%

TRON

₹12.47

0.271%

SHIBA INU

₹0.001624

4.372%

POLKADOT

₹577.23

2.548%

CHAINLINK

₹1,326.71

0.312%

BITCOIN CASH

₹35,852.07

2.986%

NEAR PROTOCOL

₹563.92

3.974%

LITECOIN

₹6,727.40

1.741%

POLYGON

₹49.44

1.79%

PEPE

₹0.001121

2.952%

INTERNET COMPUTER

₹952.95

0.612%

Home

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Coins

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Terraclassicusd

USTC

TerraClassicUSD

USTC

₹1.82

LIVE

24H Low ₹1.81

24H High ₹1.92

Price of USTC today

The current live price of USTC today is ₹1.82, with a 24-hour trading volume of ₹70,44,73,405.98. Our USTC to INR price is updated in real-time. USTC has seen a decrease of -5.35% in the last 24 hours. With a live market cap of ₹10,18,89,21,534.51 , the circulating supply is at 5,579,532,960 USTC coins, with a maximum supply of 8,958,553,535USTC coins.

TerraClassicUSD Price History

Date ComparisonAmount Change% Change
Today-₹0.10

5.08%

7 Days₹0.31

20.09%

30 Days₹0.18

10.98%

1 Year₹0.24

15.35%

TerraClassicUSD Price Information

Price Change (1hr)

5.35%

Price Change (24hr)

5.08%

Price Change (7d)

20.09%

TerraClassicUSD Market Stats

Market Cap

₹10,18,89,21,534.51

Fully Diluted Market Cap

₹16,35,94,33,609.11

24hr Volume

₹70,44,73,405.98

37.05%

Circulating Supply

5579532960.01 USTC

Total Supply

8958553534.76 USTC

Things to know about TerraClassicUSD

What is TerraClassicUSD (USTC)?

TerraClassicUSD (USTC), previously TerraUSD (UST), operates as the Terra blockchain's algorithmic stablecoin, designed to stay equivalent to the US Dollar. This equivalence is managed through an algorithm that adjusts supply by minting and burning LUNA, Terra's native cryptocurrency. USTC targets providing a scalable, interest-generating stablecoin option for the DeFi sector, overcoming scalability challenges of traditional stablecoins, and supports smooth transactions across various blockchain platforms, enhancing its utility for both users and developers within the cryptocurrency ecosystem.

Tokenomics

  • Token Type:

  • LUNC.

  • Background

  • : Originally an algorithmic stablecoin pegged to the US dollar within the Terra ecosystem.

  • Total Supply:

  • 9,783,447,650 USTC.

Market Data

As of today #{today’s date}, the price of TerraClassicUSD is ₹1.82 INR or 0.01961 USD, with a 24-hour trading volume of 7574982.86 USD. The market capitalisation for TerraClassicUSD is 109558296.07USD. The circulating supply is 5579532960.01 TerraClassicUSD, with the total supply also being 8958553534.76 TerraClassicUSD.

Token Pros and Cons

Pros

  • Decentralization:

  • USTC operates on a decentralized network, reducing reliance on central authorities and increasing security.

  • Algorithmic Stability:

  • Uses an innovative algorithmic approach to maintain its peg to the USD, offering a dynamic response to market conditions.

  • Interoperability:

  • Designed for cross-chain functionality, enhancing its utility across various blockchain ecosystems.

  • Yield-bearing:

  • Offers opportunities for earning yields, making it an attractive option for investors looking for stable returns.

  • Scalability:

  • Addresses scalability issues, ensuring efficient transactions even during high demand.

Cons

  • Complexity:

  • The algorithmic mechanism can be complex for average users to understand.

  • Volatility Risk:

  • Despite being a stablecoin, it has experienced de-pegging incidents, posing risks to holders.

  • Regulatory Uncertainty:

  • The innovative nature of algorithmic stablecoins may attract regulatory scrutiny.

  • Dependence on LUNA:

  • Its stability mechanism is closely tied to the performance of LUNA, which can be volatile.

  • Recovery from De-pegging:

  • The process to regain its peg can be challenging and may not always be successful.

Why Should You Invest in USTC?

  • Innovative Stablecoin Solution:

  • Offers a unique algorithmic approach to maintaining stability, setting it apart from traditional stablecoins.

  • DeFi Integration:

  • Its design caters to the needs of DeFi applications, providing a scalable and efficient stablecoin option.

  • Cross-chain Functionality:

  • Enhances its utility by facilitating transactions across different blockchain networks.

  • Yield Opportunities:

  • Provides avenues for earning yields, appealing to investors seeking stable returns in the crypto space.

  • Community and Ecosystem Support:

  • Backed by a strong community and ecosystem, including platforms like Binance and KuCoin, ensuring wider adoption and support.

USP of the Coin

  • Algorithmic Stability Mechanism:

  • Its unique algorithmic approach to maintaining its USD peg distinguishes it from other stablecoins.

  • Cross-chain Interoperability:

  • Designed for seamless functionality across multiple blockchain ecosystems, enhancing its utility.

  • Yield-bearing Capabilities:

  • Offers users and investors opportunities to earn yields, making it an attractive stablecoin option.

Problem the Coin is Solving

TerraClassicUSD aims to address the scalability and efficiency issues faced by traditional stablecoins in the DeFi sector. It provides a decentralized, algorithmic stablecoin solution that maintains a stable value pegged to the USD, facilitating seamless and efficient transactions across various blockchain networks.

Founder and Team Background

TerraClassicUSD was developed by Terraform Labs, co-founded by Do Kwon and Daniel Shin. Do Kwon has a background in software engineering with experience at companies like Apple and Microsoft, while Daniel Shin is an entrepreneur with a strong business and economics background. Together, they aimed to create a stablecoin that could support a global payment system and DeFi applications.

ICO Price

  • ICO Price:

  • $0.38 per USTC.

  • Listing Date:

  • The token sale started on December 18, 2017, and lasted until February 1, 2018.

Risks Associated in Investing in the Coin

  • De-pegging Risk:

  • Historical instances of losing its peg to the USD pose significant risks to investors.

  • Regulatory Risks:

  • The innovative nature of algorithmic stablecoins may attract regulatory challenges.

  • Complexity and Understanding:

  • The complexity of its algorithmic mechanism may deter average investors.

  • Market Volatility:

  • Linked to the performance of LUNA, which can be highly volatile.

  • Recovery Mechanisms:

  • The effectiveness of mechanisms to regain its peg during de-pegging incidents can be uncertain.

Whitepaper Insights

The Terra Whitepaper outlines the foundation and mechanisms behind the Terra blockchain, focusing on its dual-token system, stability mechanisms, and its broader vision for creating a more efficient and user-friendly financial ecosystem.

Stability and Adoption

The Terra ecosystem is built around two main tokens: Terra and Luna. Terra tokens are stablecoins pegged to various fiat currencies (e.g., USD, EUR, CNY), designed to maintain their value through an algorithmic stability mechanism. Luna tokens serve as collateral, absorbing the price volatility of Terra tokens to maintain their pegs.

The whitepaper details the innovative approach Terra takes to achieve price stability and adoption:

  • Seigniorage

  • : The process of minting new Terra tokens or burning existing ones to adjust supply and maintain pegs. Seigniorage proceeds are used to fund the Terra ecosystem’s growth, including miner rewards and the Terra Treasury.

  • Luna as a Counterparty

  • : Luna tokens are used to absorb the price volatility of Terra tokens. When the demand for Terra increases, Luna is burned to mint more Terra, and vice versa. This mechanism ensures Terra tokens maintain their peg to fiat currencies.

  • Fiscal Policy and Treasury

  • : The Terra Treasury uses seigniorage to fund projects that increase the adoption and utility of Terra tokens. This includes supporting decentralized applications (dApps) on the Terra network.

  • Miner Rewards and Governance

  • : Miners are rewarded for their contributions to the network through transaction fees and seigniorage. Luna holders also participate in governance, voting on proposals that affect the network.

Economic Model

The Terra ecosystem employs a sophisticated economic model designed to promote stability, growth, and adoption. Key components include:

  • Transaction Fees

  • : Terra transactions incur low fees, making it an attractive medium of exchange for e-commerce and other online payments.

  • Stimulus Grants

  • : The Treasury allocates resources to stimulate the growth of the Terra ecosystem, funding projects that increase the utility and adoption of Terra tokens.

  • Interchain Liquidity

  • : Terra supports atomic swaps among its stablecoins, ensuring liquidity and enabling seamless exchanges between different Terra tokens.

Vision for the Future

The Terra Whitepaper presents a vision of Terra as a platform for creating price-stable token economies. It aims to become the blockchain's first widely used currency and stability platform, unlocking the potential of decentralization for mainstream users, merchants, and developers.

The document emphasizes Terra’s role in facilitating online payments, supporting dApps, and providing a stable, efficient medium of exchange. By leveraging its unique stability mechanisms and economic model, Terra seeks to accelerate the adoption of cryptocurrencies and create a more inclusive financial system.

In summary, the Terra Whitepaper outlines a comprehensive framework for a stablecoin ecosystem that addresses traditional cryptocurrencies' volatility and scalability challenges. Terra aims to pave the way for the widespread use of blockchain technology in everyday transactions and financial applications through its dual-token system, innovative stability mechanisms, and focus on adoption and utility.

Returns Calculator

One Time
Recurring

Investment Amount

Investment Period

Returns

9300

0%

USTC to Converter

Quantity

USTC

USTC

Price

fiat

Price as per 07:13 PM • 21 Jul 2024

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What is the price of TerraClassicUSD (USTC)?

The current price of TerraClassicUSD (USTC) in INR is ₹1.82 INR.

What is the current USTC market cap?

The current market capitalization of TerraClassicUSD (USTC) is ₹10,18,89,21,534.51 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of USTC by the number of coins in circulation.

What is the current supply of TerraClassicUSD (USTC)?

The current supply of TerraClassicUSD (USTC) is 5579532960.01 USTC. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of TerraClassicUSD (USTC)?

The 24-hour trading volume of TerraClassicUSD (USTC) in INR is ₹70,44,73,405.98. This figure represents the total value of all USTC transactions across various exchanges within the last 24 hours.

How to Buy TerraClassicUSD (USTC) in India?

To buy TerraClassicUSD (USTC) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in USTC.

Can I buy TerraClassicUSD (USTC) with UPI?

Yes, you can buy TerraClassicUSD (USTC) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert TerraClassicUSD (USTC) to Indian Rupee (INR)?

To convert TerraClassicUSD (USTC) to Indian Rupee (INR), you can use our USTC/INR conversion rates in real time.

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