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
DeFi's Yield Winter: Liquidity Stagnation, Leverage Contraction, Arbitrage Opportunities Closed
The DeFi market has entered an "interest rate winter," with mainstream stablecoin lending rates declining sharply due to supply-demand imbalance and liquidity surplus. Weakened arbitrage activities and decreased market risk appetite have led to a sharp drop in stablecoin borrowing demand. Meanwhile, the Sky protocol provides stable yields through real-world assets, becoming the "de facto floor" for on-chain yield rates. Overall, the current environment is prompting investors to reassess their risk strategies, and falling interest rates may become the foundation for DeFi's future recovery.
PANews14m ago
Zcash Price Rallies 10% on Major VC Funding, but Bulls Must Break $250
March 12, 2026 2:48 am EDT
TheCoinRepublic21m ago
Litecoin Crypto Expands DeFi Access Through Base: Is LTC Price On The Verge Of A Rally?
March 12, 2026 6:50 am EDT
TheCoinRepublic22m ago
Bitcoin Maintains Resilience Near $70,000, Analysts Say Deleveraging Paves Way for Next Rally
On March 12, analyst Omkar Godbole noted that Bloomberg predicted Bitcoin could fall to $10,000, but the industry considered this forecast unreasonable. The Deribit platform showed that approximately $800 million in put options are concentrated at $20,000, with some traders preparing for a possible crash. Despite external market volatility, Bitcoin remained around $70,000, demonstrating resilience. Analysis indicated that market consolidation could lay the foundation for subsequent price movements.
GateNews31m ago
Greeks.live: 26,000 BTC options expire on March 13, and the market enters a wait-and-see stance
Greeks.live predicts that a large volume of BTC and ETH options will expire on March 13th, with declining market rebound momentum and extremely low trading activity. Options data indicates the market is in a wait-and-see state, still in a bear market, with the recent AI hype failing to improve the situation.
GateNews41m ago
