According to Gate News Bot, on December 09, citing CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 19.64% in the past 24 hours. Its current market capitalization is around $56 million, an increase of $9.2 million from yesterday.
USTC (TerraClassicUSD) is a token asset within the Terra Classic blockchain ecosystem, operating on an open-source decentralized blockchain built with Tendermint consensus and Cosmos-SDK. The chain is maintained by a decentralized set of validators and boasts one of the most active grassroots communities in the crypto space.
USTC was originally introduced in the Terra ecosystem as an algorithmic stable asset, designed to mirror the US dollar by balancing LUNA (now LUNC) and supply through an on-chain market module. During the crash in May 2022, after the stability mechanism failed, the US dollar peg was lost and USTC became a freely traded token, with its price now entirely fluctuating according to market demand. Today, USTC is considered a volatile digital asset but still plays an important role in the Terra Classic network—providing liquidity for DeFi pools, paying gas fees, and serving as a trading pair on CEXs and DEXs.
USTC is now listed for trading on major exchanges such as Gate. Users can manage and trade USTC assets through a variety of wallets, including Terra Station, Keplr, and Trust Wallet.
Recent Important News about USTC:
1️⃣ Overall Crypto Market Recovery Drives Investor Attention
The cryptocurrency market has recently shown signs of recovery, and as a once-mainstream algorithmic stablecoin, USTC has regained investor attention. From a 24-hour increase of 10.33% on December 05 to a 19.64% rise in the latest 24-hour period, the market’s positive sentiment toward this token is strengthening, with its market cap rising significantly from $37.77 million to $56 million.
2️⃣ Continued Development of the Terra Classic Ecosystem Maintains Utility Value
Despite the crash in May 2022, the Terra Classic network continues to develop, and USTC still plays a substantive role in the network, including providing liquidity for DeFi pools and paying gas fees. This ongoing utility forms the foundation for market demand for USTC, contributing to sustained value recognition over the long term.
3️⃣ Liquidity Across Multiple Exchanges Supports Price Stability
USTC maintains active trading pairs on several major cryptocurrency exchanges, including Gate. Ample liquidity and market depth provide investors with convenient trading channels. Broad exchange support enhances market participation, which is conducive to price stability and sustaining upward momentum for USTC.
From a fundamentals perspective, USTC’s sustained rise over the past week reflects improved market sentiment and increased participation. However, considering the token’s historical volatility, investors should remain aware of associated risks.
This information does not constitute investment advice. Please be mindful 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
Bitcoin Rebounds to $74K on U.S.-Iran Framework Deal, But Market Skepticism Remains
Bitcoin's recent rise to mid-$74,000 followed a risk asset rally linked to a U.S.-Iran nuclear framework, but skepticism remains due to flat Treasury yields and unchanged gold prices. The core issue of uranium enrichment persists, and while on-chain data shows BTC's gradual advance, options markets reflect doubts about a sustained breakout. Overall, analysts see the rally as temporary, with macro conditions still tight and potential downside risks.
GateNews2h ago
Cardano Traders Watch $0.243 Support Level as ADA Price Faces Critical Decision
Cardano (ADA) is at a crucial support level of $0.243, with potential gains to $0.30 if it holds. A daily close below this could lead to declines toward $0.10. Currently, trading volume is around $500 million, with ADA notably below its all-time high.
GateNews3h ago
ETH/BTC Price Ratio Rebounds to 0.0313 in Q1 2026 as Ethereum User Base Surges 82%
In Q1 2026, the Ethereum-to-Bitcoin price ratio reached a three-month high at 0.0313. Ethereum added 284,000 users and surpassed $180 billion in stablecoin supply. Bitcoin remained strong above $74,000, driven by significant ETF inflows.
GateNews8h ago
Why is Bitcoin up today? Trump says Iran is seeking a truce, and risk assets move higher across the board
On April 15, Bitcoin rebounded about 6% after Trump said Iran is seeking to reach an agreement, breaking above $75,000. Expectations for the resumption of U.S.-Iran negotiations warmed up, lifting Asian stock markets. Technically, roughly $6 billion worth of short positions were forced to close, accelerating the rebound. Analysts said that if the U.S.-Iran situation continues to ease, Bitcoin could break through $80,000, and they predicted it may reach $150,000 by year-end.
MarketWhisper12h ago
Bitmine is promoted to the NYSE main board! Tom Lee: US stocks may be at a bottom, and selling pressure on Ether could ease
Bitmine officially transferred from the NYSE American market to the main board, marking a significant milestone for the company. Despite a sharp drop in its share price, it still increased the share repurchase program to $4 billion. The company holds a large amount of Ether, and expects that a rebound in the crypto market will help improve its assets and share price performance.
CryptoCity12h ago
ETH 15-minute up 0.66%: On-chain large transfers in sync drove a net inflow of funds, boosting spot buying pressure
2026-04-15 00:00 to 00:15 (UTC), ETH shows a local anomaly. The 15-minute return rate is +0.66%. The trading price range is 2321.93–2343.2 USDT, with a range of 0.92%. During this period, market attention increased, volatility slightly intensified, buy pressure in the order book shifted upward in the short term, and quickly pushed spot prices up into a key resistance area.
The main drivers of this anomaly are large on-chain transfers and inflows of capital in combination. At the beginning of the window, multiple large ETH transfers appeared, including 8,676 ETH and 6,551 ETH, respectively, transferring from a large source to the
GateNews13h ago
