According to Gate News Bot, on December 09, citing CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 19.64% in the past 24 hours. Its current market capitalization is around $56 million, an increase of $9.2 million from yesterday.
USTC (TerraClassicUSD) is a token asset within the Terra Classic blockchain ecosystem, operating on an open-source decentralized blockchain built with Tendermint consensus and Cosmos-SDK. The chain is maintained by a decentralized set of validators and boasts one of the most active grassroots communities in the crypto space.
USTC was originally introduced in the Terra ecosystem as an algorithmic stable asset, designed to mirror the US dollar by balancing LUNA (now LUNC) and supply through an on-chain market module. During the crash in May 2022, after the stability mechanism failed, the US dollar peg was lost and USTC became a freely traded token, with its price now entirely fluctuating according to market demand. Today, USTC is considered a volatile digital asset but still plays an important role in the Terra Classic network—providing liquidity for DeFi pools, paying gas fees, and serving as a trading pair on CEXs and DEXs.
USTC is now listed for trading on major exchanges such as Gate. Users can manage and trade USTC assets through a variety of wallets, including Terra Station, Keplr, and Trust Wallet.
Recent Important News about USTC:
1️⃣ Overall Crypto Market Recovery Drives Investor Attention
The cryptocurrency market has recently shown signs of recovery, and as a once-mainstream algorithmic stablecoin, USTC has regained investor attention. From a 24-hour increase of 10.33% on December 05 to a 19.64% rise in the latest 24-hour period, the market’s positive sentiment toward this token is strengthening, with its market cap rising significantly from $37.77 million to $56 million.
2️⃣ Continued Development of the Terra Classic Ecosystem Maintains Utility Value
Despite the crash in May 2022, the Terra Classic network continues to develop, and USTC still plays a substantive role in the network, including providing liquidity for DeFi pools and paying gas fees. This ongoing utility forms the foundation for market demand for USTC, contributing to sustained value recognition over the long term.
3️⃣ Liquidity Across Multiple Exchanges Supports Price Stability
USTC maintains active trading pairs on several major cryptocurrency exchanges, including Gate. Ample liquidity and market depth provide investors with convenient trading channels. Broad exchange support enhances market participation, which is conducive to price stability and sustaining upward momentum for USTC.
From a fundamentals perspective, USTC’s sustained rise over the past week reflects improved market sentiment and increased participation. However, considering the token’s historical volatility, investors should remain aware of associated risks.
This information does not constitute investment advice. Please be mindful of market volatility risks when investing.
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
XRP Today News: Drops to a three-week low of $1.35, pressured by AI and tariff negative news
XRP closed down 2.95% on February 23, trading at $1.3522, hitting a three-week low, with the overall crypto market plunging 3.80%. Anthropic's Claude Code has sparked market concerns over AI disrupting tech stock profits; Trump immediately imposed an additional 10%–15% tariff globally following the Supreme Court ruling, adding dual pressure that dragged down the entire crypto asset sector.
MarketWhisper24m ago
BTC 15-minute slight increase +0.02%: Panic marginal recovery and quantitative capital short-term resonance driving the move
2026-02-24 03:00 to 03:15 (UTC), BTC price recorded a K-line return of +0.02% after a period of high volatility. The short-term performance was a slight oscillation with a slight upward trend, and market attention continued to be cautious under the previous macro and regulatory pressures. Trading volume significantly declined compared to the previous day, volatility reached a low point in the stage, and the overall market trend was mainly sideways.
The main driving force behind this anomaly was the marginal recovery after extreme panic the previous day, as well as active intervention by quantitative funds and high-frequency arbitrage strategies. On February 23, macro events such as the US imposing additional tariffs and regulatory policies remaining undecided triggered a short-term reaction in BTC.
GateNewsBot36m ago
ETH short-term pullback: capital outflow and structural decline resonate, 15-minute return -0.64%
On February 24, 2026, from 03:00 to 03:15 (UTC), ETH recorded a -0.64% candlestick return during a peak liquidity period, showing a continuous slight decline. In the context of the recent overall bearish market, ETH's price tested the lower support level during this period with no effective rebound, and increased volatility has attracted market attention. Although the short-term decline is not extreme, it reflects the overall pressure on mainstream cryptocurrencies.
The main drivers of this movement are the continuous outflow of large-scale funds and structural technical declines. Capital net outflows over the week, represented by stablecoins, ETFs, and derivatives, exceeded $2.5 billion, leading to a decrease in buying interest.
GateNewsBot37m ago
PI (Pi) increased by 3.58% in the past 24 hours
Gate News Bot Message, February 24th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.16, up 3.58% in the past 24 hours, with a high of $0.19 and a low of $0.16. The current market capitalization is approximately $1.511 billion.
Pi is the first digital currency that can be mined on a mobile phone. It achieves mining on mobile devices through groundbreaking technology without draining the battery. PI adopts a decentralized design, providing a secure, tamper-proof, and interoperable digital currency; it also features a mobile-first approach, requiring no significant power consumption, and is user-friendly and easy to use. Users can start mining through a free mobile app, and simply need an invitation from an existing trusted member in the network to download the app and join.
### Important recent news about PI:
1️⃣ **Price rebound trend gradually established**
GateNewsBot1h ago
