TerraClassicUSD company info

What does TerraClassicUSD do?
TerraClassicUSD (CRYPTO:USTC) is a decentralized stablecoin with a 1:1 USD peg, created by Terraform Labs. It rapidly gained popularity, reaching a peak market cap of $18 billion in May 2022. However, a crisis struck that month, causing a peg loss and significant price drop, leading to Terraform Labs halting Terra blockchain trading. Presently, TerraClassicUSD is undergoing revival under the Terra Classic Core team, launching a new blockchain with a different consensus mechanism and no ties to Terraform Labs. The team's goals are to restore the USTC peg, foster a fresh community, and attract developers and projects. Despite its early stage, the Terra Classic project is community-driven and holds potential in decentralized finance.
TerraClassicUSD company media
Company Snapshot

How many people does TerraClassicUSD employ?

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Employees
50+

What is the market cap for TerraClassicUSD?

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Market Cap
$155.35M

Where is the head office for TerraClassicUSD?

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Head Office
Singapore

What year was TerraClassicUSD founded?

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Year Founded
2018
What does TerraClassicUSD specialise in?
/Algorithmic Stablecoin /BNB Chain /Cosmos Ecosystem /Injective Ecosystem /Seigniorage /Stablecoin /Terra Ecosystem /USD Stablecoin

What are the products and/or services of TerraClassicUSD?

Overview of TerraClassicUSD offerings
Decentralized: TerraClassicUSD is a decentralized stablecoin, which means that it is not controlled by any government or financial institution. This makes it more resistant to censorship and manipulation.
Diverse: TerraClassicUSD is a diverse stablecoin, meaning that it can be used for a variety of purposes, such as payments, trading, and investment.
Efficient: TerraClassicUSD is an efficient stablecoin, meaning that transactions are processed quickly and cheaply.
Global: TerraClassicUSD is a global stablecoin, meaning that it can be used to send and receive payments anywhere in the world.
Secure: TerraClassicUSD is a secure stablecoin, meaning that it is protected by cryptography. This makes it difficult to counterfeit or hack.
Transparent: TerraClassicUSD is a transparent stablecoin, meaning that all of its transactions are recorded on a public blockchain. This makes it easier to track the movement of funds and to identify any suspicious activity.