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
BTC 15-minute decline of 0.61%: Major wallet selling pressure combined with negative US employment data triggers adjustment
Between 2026-03-12 14:15 and 14:30 (UTC), BTC price declined from 70660.0 USDT to 69917.2 USDT, with a 15-minute return rate of -0.61% and volatility reaching 1.06%. Trading volume increased sequentially, with market attention rising notably, and heightened fluctuations triggering alerts among short-term traders.
The primary driver of this price movement was on-chain whale wallets concentrating approximately 2,100 BTC inflows to exchanges within a short timeframe, representing an 18% increase compared to the previous period. Large holders' active position adjustments and concurrent large sell orders in spot and perpetual markets were simultaneously released.
GateNews20m ago
Stablecoin neo EURO captures only 0.35% of market supply
Stablecoins pegged to the EURO only represent 0.35% of total supply and less than 0.1% of total global trading volume, demonstrating limited market liquidity significance compared to USD stablecoins. Notable EURO stablecoins include EURC, EURCV, AEUR, EURI, and EURe.
TapChiBitcoin26m ago
ETH 15-minute rise of 0.72%: On-chain capital inflows and bullish sentiment dominating the market
2026-03-12 14:00 to 2026-03-12 14:15 (UTC), ETH spot price showed rapid upward movement with a 15-minute return rate of +0.72%, price range between 2065.45 to 2082.77 USDT, and overall volatility of 0.84%. During this market fluctuation, market attention increased, trading volume rose sequentially, and unilateral buy-side orders drove market sentiment to remain bullish.
The main driver of this price movement was large-scale on-chain capital inflows and the linkage effect between spot and futures markets. On-chain data shows multiple high-net-worth wallets
GateNews36m ago
Altcoin About to 10x? History Is Literally Repeating Itself
Crypto analysts suggest the altcoin market may be entering another expansion phase, similar to patterns seen in past rallies. While investor interest grows, indicators show the altcoin cycle hasn't begun yet, with high Bitcoin dominance and a low Altcoin Season Index.
Coinfomania50m ago
