What is TerraClassicUSD (USTC)?
TerraClassicUSD is a decentralized algorithmic USD-pegged stablecoin issued by Terra. It was originally created in 2019 with the name TerraUSD, but after the collapse of the Terra ecosystem in 2022, which led to the depeg of the token, the token was aborted and its name was changed to TerraClassicUSD. Subsequently, a new TerraUSD was released to replace the depegged TerraClassicUSD.
How TerraClassicUSD (USTC) Works
As an algorithmic USD-pegged stablecoin, USTC is secured by the native token of the old Terra network, LUNA (now rebranded as LUNC), through the seigniorage process. This means that for every USTC minted, an amount of LUNC equivalent to $1 is burned. The opposite applies for the burning of USTC.
Though USTC and LUNC were forsaken by the original developer team after the collapse of Terra in 2022, a new developer community has taken up the work and continues building the ecosystem.
How Many TerraClassicUSD (USTC) Tokens Are in Circulation?
USTC does not have a total supply because its supply and price are controlled by the reserve and algorithms. USTC’s circulating supply is 9,799,450,284
How to Buy TerraClassicUSD (USTC)
Consider investing in TerraClassicUSD (USTC)? It only takes 2 minutes to create an account on Bitget and start trading USTC.
Check out the available USTC trading pairs on Bitget!
Spot market
TerraClassicUSD (USTC) Resources
Simple 3-step guide to buying USTC today in Niger
Create your free Bitget account
Select a funding method
Complete your TerraClassicUSD purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for TerraClassicUSD using a payment method of your choice:
Buy TerraClassicUSD with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your TerraClassicUSD order.
How to buy crypto with credit/debit cardBuy TerraClassicUSD with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into TerraClassicUSD is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your TerraClassicUSD order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your TerraClassicUSD order.Buy TerraClassicUSD with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your TerraClassicUSD order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor TerraClassicUSD in your Bitget spot wallet
Bitget—where the world trades TerraClassicUSD
How to buy TerraClassicUSD for free
- Learn how to earn TerraClassicUSD for free through the Learn2Earn promotion
- Earn free TerraClassicUSD by inviting friends to join Bitget's Assist2Earn promotion
- Receive free TerraClassicUSD airdrops by joining On-going challenges and promotions
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FAQ
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A landlocked nation in West Africa, Niger is formally known as the Republic of Niger. It is a unitary state that is bordered to the northeast by Libya, to the east by Chad, to the east by Nigeria, to the southwest by Benin and Burkina Faso, to the west by Mali, and to the northwest by Algeria. There are 26,206,007 people living in Niger as of the year 2022, and the CFA franc is the country's official currency. Using P2P trading and other crypto deposits, you may buy TerraClassicUSD(USTC) and other cryptocurrencies on the Bitget platform in a matter of minutes.
French and English are Niger's official languages. Both the Bitget app and website are accessible using these languages.
Niamey, Maradi, Zinder, and other lovely cities may be found in Niger. Bitget will be available to provide you with a seamless trading experience wherever you are in Niger.
Desert weather prevails in the north, semi-desert weather prevails in the middle, and semi-arid savanna weather prevails in the south of Niger. Sand dunes and desert plains make up the bulk of the landscape. Large plains and hills can also be found in the south and north, respectively. Tropical weather prevails in the deep south, close to the Niger River Basin's borders. Using Bitget exchange, you can trade cryptocurrency whether you are in Niamey, Maradi, or Zinder.
The Republic of Niger celebrates its independence from France in 1960 on August 3 with Independence Day. Since 1975, it has also been Arbor Day, with trees being planted all around the country to help prevent desertification. There are numerous beautiful places to visit in Niger, including the Lotus Spa, Grand Marché, Niamey Grand Mosque, Ferme Youyou, and National Museum of Niger (Musée National du Niger).