Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 10.88% in the past 24 hours, reaching a high of $0.01 and a low of $0.01. Its current market capitalization is approximately $59.4 million, an increase of $5.84 million compared to yesterday.
USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. USTC originated as an algorithmic stable asset within the Terra ecosystem, aiming to mirror the US dollar through on-chain market modules that balance supply and demand with LUNC. After the network adjustment in May 2022, the dollar-pegging mechanism ceased to operate, and USTC transitioned into a freely traded token, with its price fully determined by market supply and demand. Today, USTC is widely used as a volatile digital asset on the Terra Classic network—driving DeFi liquidity pools, paying gas fees, and serving as trading pairs on certain CEXs and DEXs. Terra Classic is an open-source, decentralized blockchain built on Cosmos SDK with Tendermint consensus. It operates independently from the original Terra network and is maintained by a diverse validator set and the most active grassroots organizations within the crypto community. Blocks are finalized in about six seconds, transaction fees are less than one cent, and the chain maintains full sovereignty over smart contract execution.
Important Recent USTC News:
1️⃣ Cryptocurrency Market Revival Continues to Attract Investor Attention
USTC has recently experienced double-digit gains, rising from a 24-hour increase of 10.33% on December 5th, to 19.64% on December 9th, and now standing at 10.88%. This reflects an overall revival in the cryptocurrency market, providing sustained upward momentum for this token. Its market cap has grown from $37.77 million over the past week to the current $59.4 million, an increase of nearly 57%, demonstrating renewed investor confidence in this formerly mainstream algorithmic stablecoin.
2️⃣ Practical Utility Maintains Market Demand in Terra Classic Ecosystem
Despite the significant setback in May 2022, the Terra Classic network continues to develop and maintain real use case demands for USTC. The token’s core functions—providing liquidity for DeFi pools, paying gas fees—remain unchanged. This intrinsic utility supports the token’s market value with solid fundamental backing, aiding in the sustainability of price growth.
3️⃣ Liquidity Across Multiple Exchanges Ensures Trading Convenience
USTC maintains active trading pairs on several major crypto exchanges, including Gate. Sufficient liquidity and market depth provide investors with convenient and stable trading channels. Broad exchange support enhances market participation, contributing to stable USTC prices and upward momentum.
Based on recent performance, USTC’s continuous gains over the past seven days reflect a clear improvement in market sentiment, but investors should still be aware of the inherent volatility and risks associated with this token.
This message does not constitute investment advice. Please be cautious of market fluctuations.
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
JPMorgan: Digital asset inflows of $11 billion in Q1 2026, with Strategy as the primary buyer
A JPMorgan report shows that in Q1 2026, digital-asset inflows were about $11 billion, mainly coming from Bitcoin purchases. The overall crypto market is down 20%; positions in CME futures for Bitcoin and ETH have weakened, with capital concentrating into a small number of large exchanges, suggesting that investors are cautious.
GateNews1h ago
Cardano Prints Bullish Double Bottom Pattern, $5 ADA ATH Expected as Most Altcoin Charts Remain Strong
Cardano prints bullish double bottom pattern.
$5 ADA ATH price could be hit this year.
Most altcoin price charts remain strong, signaling bull pumps ahead.
The crypto community continues to watch several altocin price charts to mange their expectations for a bullish altseason peak
CryptoNewsLand1h ago
Analyst Says the Lower XRP Goes the More Bullish the Breakout as Experts Remain Unsure About XRP Recovery
Analyst says the lower XRP goes the more bullish the breakout.
Other experts remain unsure about an XRP recovery.
Can the price of XRP set a new ATH this year?
The crypto market sees renewed hope and improved anticipation of a bullish recovery rally as the price of BTC just reclaimed pri
CryptoNewsLand2h ago
Bitcoin buyers gobbled up nearly 850,000 BTC between $60,000 and $70,000
Despite recent fluctuations, Bitcoin's strong dip demand is evident as 1.84 million BTC was traded below $70,000, representing 9.23% of its circulating supply, indicating potential price support. In contrast, trading activity above $70,000 remains lower.
CoinDesk3h ago
Crypto markets rally as Trump announces two-week Iran ceasefire
The crypto market enjoyed a much-needed boost on Tuesday evening after U.S. president Donald Trump announced a two-week ceasefire in Iran.
Bitcoin BTC$71,640.51 spiked to around $72,700 after settling in the $71,800 region, ether (ETH), meanwhile, is changing hands at $2,250 after posting a 6%
CoinDesk4h ago
Retail buy orders fell from higher levels by 50%, and April presents an opportunity for a rebound in risk assets
In March, retail investors shifted toward stock sellers, and buy order volume fell nearly 50%. Despite bearish market sentiment, seasonal factors and ceasefire-related news may prompt the market to rebound in the second quarter, and investors should pay particular attention to the energy, technology, and crypto asset sectors.
GateNews5h ago
