TerraClassicUSD (USTC) Coin Complete Detailed Review

About TerraClassicUSD (USTC)

TerraClassicUSD The price-volatility of cryptocurrencies is a well-studied problem by both academics and market observers (see for instance, Liu and Tsyvinski, 2018, Makarov and Schoar, 2018). Most cryptocurrencies, including Bitcoin, have a predetermined issuance schedule that, together with a strong speculative demand, contributes to wild fluctuations in price. Bitcoin’s extreme price volatility is a major roadblock towards its adoption as a medium of exchange or store of value.

TerraClassicUSD Intuitively, nobody wants to pay with a currency that has the potential to double in value in a few days, or wants to be paid in a currency if its value can significantly decline before the transaction is settled. The problems are aggravated when the transaction requires more time, e.g. for deferred payments such as mortgages or employment contracts, as volatility would severely disadvantage one side of the contract, making the usage of existing digital currencies in these settings prohibitively expensive.

TerraClassicUSD (USTC) Point Table

USTC Price Live Data

The live TerraClassicUSD price today is $0.034343 USD with a 24-hour trading volume of $35,926,983 USD. update USTC to USD price in real-time. TerraClassicUSD is down 8.55% in the last 24 hours. The current CoinMarketCap ranking is #100, with a live market cap of $336,869,847 USD. It has a circulating supply of 9,808,911,066 USTC coins and the max. supply is not available.

The UST LUNA Relationship

After the UST depeg, Do Kwon proposed a revival plan that would split the Terra blockchain into a new chain called Terra (also sometimes called Terra 2.0). The old Terra chain would continue to exist as Terra Classic. This revival plan passed a community vote, and most of the DeFi DApps subsequently migrated to the new Terra 2.0 chain.

Enhanced Scalability

Enhanced Scalability TerraUSD is an algorithmic stablecoin with a value equal to the face value of minted stablecoins. To issue 1 TerraUSD, you need to burn 1 LUNA reserve asset. It turns out that TerraUSD’s monetary policy scales nearly without limits, thereby helping DeFi projects reach their full potential.

Easy Exchange

Easy Exchange The stablecoins in the Terra ecosystem share the total liquidity, meaning you can exchange TerraUSD for TerraKRW (their stablecoin pegged to the Korean Won) with minimal fees.

Passive Income

Passive Income Potential Additionally, users can gain passive income using TerraUSD with the Anchor protocol’s stable interest rates. Anchor is a lending protocol that promises a 20% return on UST savings. Additional and steady income appears through rewards in PoS chains, which maintain their stability due to commissions and inflation. This nuance will make it possible to form a reliable interest rate.

Interoperability

With the Dropship bridge protocol, TerraUSD allows blockchain ecosystems to be connected. Dropship integrates TerraUSD into numerous DeFi and DEX platforms, and most importantly, moves assets between chains. LUNA supply and demand determine the value of TerraUSD. Thus, a stable UST cost is guaranteed as the Dropship protocol helps maintain scalability.

Where Can You Buy V1 Devour Token?

V1 Devour Token will become available for trading a short period after the fairlaunch on V1 Devour Token on the 29th of September has been completed. The token will be available for trading on Pancakeswap which is a decentralized exchange on the Binance Smart Chain. The liquidity of the V1 Devour Token token will be in the PancakeSwap V2 pair: V1 Devour Token

Faq Of TerraClassicUSD