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 Philippine
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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The official languages in the Philippines are English and Filipino, so you can easily enjoy the service on Bitget as it is fully supported in English regardless of Bitget app or website. The Philippine peso (PHP) is the country's currency, and you can use PHP to buy TerraClassicUSD(USTC) on our P2P, spot, and futures trading right away on Bitget. Whether you are in Manilla, Quezon City, or Davao City, Bitget is ready to serve you with any cryptocurrency needs with the best trading experience.
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