TerraClassicUSD (CRYPTO: USTC)
TerraClassicUSD Return vs. S&P
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TerraClassicUSD Company Info
TerraClassicUSD (USTC) is a digital asset built on the Terra blockchain and created due to the de-pegging of TerraUSD (UST) from the US dollar. USTC is designed to provide users with a digital asset that maintains a value relative to a basket of assets, including the US Dollar and other stablecoins. It is issued and managed by Terraform Labs and provides an easy and secure way to transfer value within the Terra network. In early May 2022, the price of Terra’s LUNA and UST tokens began to plummet, leading to the collapse of both tokens and the Terra network. To protect users, Terraform Labs moved users’ UST tokens to the Terra Classic wallet, exchanging them for USTC tokens, and providing more market liquidity.
News & Analysis
3 Cryptos to Avoid No Matter What
The current crypto market may seem ripe for an impressive recovery, but some digital tokens won't be along for that bullish ride.
Why TerraUSD and Terra Are Falling Today
The algorithmic stablecoin and its sister cryptocurrency continued their volatile ways.
How Stable Are Stablecoins, Really?
The meltdown of the TerraUSD stablecoin has raised serious questions about other cryptocurrencies that are promoted as being ultra-stable.
UST Loses Peg to $1
Yes, a stablecoin lost more than 30% of its value.
Can You Trust a Savings Account That Offers 20% Interest?
And what if I told you it's based on cryptocurrencies?
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