TerraClassicUSD ($USTC ), formerly known as TerraUSD (UST), is a decentralized algorithmic stablecoin that operates on the Terra Classic blockchain. Initially designed to maintain a 1:1 peg with the US dollar through an algorithmic relationship with Terra's native token, LUNA, USTC experienced a significant de-pegging event in May 2022, leading to a substantial loss in value.
As of March 15, 2025, USTC is trading at approximately $0.01455, reflecting a -4.20% price decline in the last 24 hours and a -21.50% price decline over the past 7 days. The current market capitalization stands at around $72.44 million, with a circulating supply of 5.6 billion USTC tokens.
The collapse of USTC in 2022 prompted the Terra community to implement a revival plan, resulting in the creation of a new Terra blockchain (Terra 2.0) and the rebranding of the original chain to Terra Classic. Under this plan, USTC continues to operate on the Terra Classic blockchain, while the new Terra blockchain focuses on decentralized applications (dApps) and other projects.
Despite ongoing efforts by the Terra Classic community to revitalize USTC and its sister token, LUNA Classic (LUNC), challenges persist. Initiatives such as token burns aim to reduce the circulating supply and restore value, but the path to recovery remains uncertain.
Investors and stakeholders are advised to exercise caution and conduct thorough research when considering involvement with USTC, given its historical volatility and the complexities surrounding algorithmic stablecoins.
