Gate News Bot message, December 17th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is reported at $0.0074, up 14.74% in the past 24 hours, with a high of $0.0123 and a low of $0.0065. The current market cap is approximately $41.6 million, an increase of $5.34 million from yesterday.
USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. It was originally launched as an algorithmic stable asset within the Terra ecosystem, aiming to mirror the US dollar through on-chain market modules that balance LUNA (now LUNC) supply and demand. During the systemic collapse in May 2022, the stability mechanism was suspended, and the dollar peg disintegrated. USTC subsequently transitioned into a freely traded token, with its price now entirely driven by market demand.
Currently, USTC still plays an important role in the Terra Classic network—driving DeFi liquidity pools, paying gas fees, and serving as trading pairs on CEXs and DEXs. Terra Classic is an open-source, decentralized blockchain built on Cosmos SDK, protected by Tendermint consensus, with an active validator ecosystem and a vibrant community. Blocks are finalized in about 6 seconds, transaction fees remain below one cent, and the chain has full sovereignty over smart contract execution.
Important recent news about USTC:
1️⃣ The overall rebound of the cryptocurrency market continues to fuel upward momentum
USTC has recently recorded double-digit gains, maintaining over 10% growth from December 5 to December 11, with a peak of 19.64%, reflecting that the overall crypto market rebound has provided sustained upward driving force for this token. Its market cap increased from $37.77 million to $41.6 million over seven days, a nearly 10% growth, fully demonstrating renewed market attention and recognition for this former mainstream algorithmic stablecoin. The current 14.74% single-day increase is a continuation of this warming trend.
2️⃣ Practical value of the Terra Classic ecosystem sustains market demand
Despite the major system adjustments in May 2022, the Terra Classic network continues to maintain actual application demand for USTC. Core functions such as providing assets for DeFi liquidity pools and paying on-chain transaction fees remain unchanged. This intrinsic practical demand provides a solid fundamental support for the token’s market value, helping to sustain price growth.
3️⃣ Liquidity across multiple exchanges ensures trading convenience
USTC remains active on several major cryptocurrency exchanges, including Gate, with sufficient liquidity and market depth, providing investors with convenient and stable trading channels. Broad exchange support enhances market participation, which is beneficial for maintaining USTC’s price stability and upward momentum.
This message is not investment advice. Investors should be aware of market volatility risks.
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
Early Signals Flash Green — 3 Altcoins That Could Move Fast: HYPE, DOGE, BCH
Hyperliquid shows strong momentum, rising volume, and growing institutional ETF interest.
Dogecoin maintains community strength, fast payments, and strong retail-driven market relevance.
Bitcoin Cash focuses on low fees, fast transactions, and practical real-world payment use.
Market
CryptoNewsLand57m ago
Spark Strategy Lead Criticizes Aave's WETH Market Unfreezing, Warns of Retail User Lockup Risk
Gate News message, April 21 — Spark strategy lead monetsupply.eth criticized Aave's decision to unfreeze the WETH market on Ethereum, arguing the move is poorly considered and primarily benefits leverage traders. The decision, he contends, worsens the situation for ordinary users already trapped in
GateNews1h ago
What does it mean that Bitcoin’s recent volatility is lower than the Korea Composite Index (KOSPI)?
The article notes that Bitcoin’s volatility over the past month has fallen to around 42%, with the price staying within the $65,000–$75,000 range, significantly lower than Kospi’s volatility. The approval of U.S. spot ETFs has drawn institutional capital in, improving liquidity and hedging capability, and strengthening Bitcoin’s resilience. Korean equities have highlighted the risk of Middle East energy supply and sharp swings in oil prices, underscoring Bitcoin’s role as a de-nationalized, relatively stable safe-haven asset.
ChainNewsAbmedia1h ago
Deutsche Bank Survey Shows US Bitcoin Adoption Rose to 12% in March, Up from 7% in February
Gate News message, April 21 — An investor survey by German banking giant Deutsche Bank revealed that cryptocurrency adoption in the US rose to 12% in March, up from a low of 7% in February, returning to levels projected for July 2025.
The report highlighted recovery in institutional demand as a
GateNews2h ago
Altcoins Surge Back Above $1.3T as Markets Rally After Greenland Crisis Resolution
On January 22, altcoins rebounded nearly 10% to $1.39 trillion due to eased global tensions, with Ethereum leading gains. Despite some volatility, the combined market cap stabilized at $1.32 trillion as other altcoins also showed modest recovery.
Coinpedia3h ago
ARB Recovery Gains Steam as Staking Yields Jump Above 221%
ARB rebounded 10% with strong volume and improving bullish market structure.
Staking yields rose above 221%, attracting more yield-focused investor interest.
Resistance near $0.14 remains key, with liquidity risks below current price.
Arbitrum — ARB, is showing renewed strength after a s
CryptoNewsLand3h ago
