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?


What is the market cap for TerraClassicUSD?

Market Cap

Where is the head office for TerraClassicUSD?

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Head Office

What year was TerraClassicUSD founded?

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Year Founded
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.