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
Bitcoin options worth $2.2 billion are expiring today, putting short-term pressure on BTC's movement around the $70,000 mark
Bitcoin price dips briefly near $70,000 as the market watches the upcoming $2.22 billion options expiration. Analysis shows more put options than call options, increasing short-term volatility risk. Geopolitical conflicts also add to market pressure, and investors should pay attention to key support and resistance levels.
GateNews7m ago
Short-selling firm Culper Research warns of Ethereum's "Death Spiral": Deterioration of ETH economic model may impact corporate holdings
Culper Research released a report stating that the Ethereum network may fall into a "death spiral" as scalability improvements reduce transaction fee revenue, threatening the token economic model and potentially negatively impacting network security. The report also points out that companies holding large amounts of ETH face valuation risks, while Ethereum co-founder Vitalik Buterin selling ETH has further dampened market sentiment.
GateNews17m ago
Netizens want to bet on the "Iranian Rial": it has fallen 90% and will definitely rebound! Is this kind of war gamble worth buying?
The Iranian rial has plummeted over 96% in two months, hitting a record low. If a nuclear agreement is reached with the United States, the rial may have room for a rebound, but purchasing options are difficult and risky. Investors should be aware of U.S. sanctions risks and potential impacts of Iran's currency reforms on exchange rates. Many people are exchanging rial through cryptocurrencies, but caution is advised.
動區BlockTempo21m ago
PIPPIN Tumbles 37% Amid Massive Capital Flight — What’s Next?
PIPPIN dropped 37% as $43M Open Interest exited, signaling heavy liquidations.
Trading volume spiked, driven mostly by aggressive sell orders rather than accumulation.
Technical structure turned bearish, with lower highs, lower lows, and $0.185 as key support.
Pippin — PIPPIN, shocked tr
CryptoNewsLand45m ago
Solana ETF attracts 1.5 billion in funding, Bloomberg analyst: Market cap adjusted beats Bitcoin by double
Bloomberg analyst Eric Balchunas pointed out that since the launch of the Solana ETF in July 2025, despite the SOL token dropping 57%, the ETF has still accumulated a net inflow of $1.5 billion, indicating ongoing support from institutional investors. Compared to Bitcoin ETFs, the capital inflow into the Solana ETF, adjusted for market value, is equivalent to $54 billion, demonstrating its relatively strong market performance.
MarketWhisper52m ago
ETH price outlook improves thanks to ETF capital inflow and staking queues
The US-based Ethereum ETF spot funds attracted $169 million in net inflows on Wednesday — the highest in two months, according to data from SoSoValue. The new capital influx indicates that institutional investors' interest in Ethereum is gradually returning, even as the financial market t
TapChiBitcoin53m ago
