Gate News Bot Message, December 11th, according to CoinMarketCap data, as of press time, USTC (TerraClassicUSD) is trading at $0.01, up 10.88% in the past 24 hours, reaching a high of $0.01 and a low of $0.01. Its current market capitalization is approximately $59.4 million, an increase of $5.84 million compared to yesterday.
USTC (Terra Classic USD) is a digital asset within the Terra Classic ecosystem. USTC originated as an algorithmic stable asset within the Terra ecosystem, aiming to mirror the US dollar through on-chain market modules that balance supply and demand with LUNC. After the network adjustment in May 2022, the dollar-pegging mechanism ceased to operate, and USTC transitioned into a freely traded token, with its price fully determined by market supply and demand. Today, USTC is widely used as a volatile digital asset on the Terra Classic network—driving DeFi liquidity pools, paying gas fees, and serving as trading pairs on certain CEXs and DEXs. Terra Classic is an open-source, decentralized blockchain built on Cosmos SDK with Tendermint consensus. It operates independently from the original Terra network and is maintained by a diverse validator set and the most active grassroots organizations within the crypto community. Blocks are finalized in about six seconds, transaction fees are less than one cent, and the chain maintains full sovereignty over smart contract execution.
Important Recent USTC News:
1️⃣ Cryptocurrency Market Revival Continues to Attract Investor Attention
USTC has recently experienced double-digit gains, rising from a 24-hour increase of 10.33% on December 5th, to 19.64% on December 9th, and now standing at 10.88%. This reflects an overall revival in the cryptocurrency market, providing sustained upward momentum for this token. Its market cap has grown from $37.77 million over the past week to the current $59.4 million, an increase of nearly 57%, demonstrating renewed investor confidence in this formerly mainstream algorithmic stablecoin.
2️⃣ Practical Utility Maintains Market Demand in Terra Classic Ecosystem
Despite the significant setback in May 2022, the Terra Classic network continues to develop and maintain real use case demands for USTC. The token’s core functions—providing liquidity for DeFi pools, paying gas fees—remain unchanged. This intrinsic utility supports the token’s market value with solid fundamental backing, aiding in the sustainability of price growth.
3️⃣ Liquidity Across Multiple Exchanges Ensures Trading Convenience
USTC maintains active trading pairs on several major crypto exchanges, including Gate. Sufficient liquidity and market depth provide investors with convenient and stable trading channels. Broad exchange support enhances market participation, contributing to stable USTC prices and upward momentum.
Based on recent performance, USTC’s continuous gains over the past seven days reflect a clear improvement in market sentiment, but investors should still be aware of the inherent volatility and risks associated with this token.
This message does not constitute investment advice. Please be cautious of market fluctuations.
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
Why is Bitcoin rising today? Trump plans to declare the end of the war, and the short covering potential is being strengthened.
U.S. President Trump plans to announce that Iran’s military targets have been achieved, the war is nearing its end, and the U.S. and Iran are in talks to negotiate a ceasefire. This situation is boosting market sentiment and pushing Bitcoin higher. K33 Research shows that Bitcoin ETF shorts have reached a historical high, and the market structure indicates signs that a bottom may be forming, suggesting a possible near-term uptrend.
MarketWhisper6m ago
ETH 15-minute rally up 0.72%: technical rebound signals and derivatives positions in sync drive the market up
From 2026-04-02 00:30 to 2026-04-02 00:45 (UTC), the ETH 15-minute candlestick shows a gain of +0.72%. The price range is 2137.74 to 2157.47 USDT, with a swing of 0.92%. The volatility is moderate, but as market attention to this unusual move increases, the interest in related market conditions and risk discussions also rises.
The main driver of this unusual move is the convergence of multiple technical rebound signals and derivatives positioning at high levels. A long-legged doji on the monthly chart has formed, creating expectations of a trend reversal. On the daily chart, the RSI is already at 42, having dropped into the oversold zone. 4
GateNews22m ago
Today’s Crypto Fear and Greed Index has risen to 12, and the market is in extreme fear.
Gate News message, April 2, according to Alternative.me data, today the Crypto Fear and Greed Index rose to 12 (the index was 8 yesterday), and the market is in an "extreme fear" state.
GateNews27m ago
Here’s the Shiba Inu (SHIB) Price if Burn Rate Collapse Triggers a Supply Shock
Shiba Inu is experiencing dual narratives: it's now recognized as a digital commodity, yet faces pressure from a high exchange influx and a drastic 98% drop in burn rate. While the price remains steady at $0.00000609, future movements depend on increased burn activity and market demand.
CaptainAltcoin2h ago
Markets Down 25%, Sentiment Up 80%: 5 Macro Catalysts—From Trade Easing to Fed Printing that Could Ignite the Next Explosive Surge.
Market sentiment is rising despite a 25% decline, signaling early accumulation behavior.
Macro factors like easing policy and weaker dollar support altcoin recovery potential.
Infrastructure and narrative-driven tokens may lead the next market phase.
The crypto market has plunged into a
CryptoNewsLand3h ago
Solana Price Holds Near $80 as Analysts Split on Next Move
Key Insights:
Solana trades near $80 under pressure, with persistent lower highs and weak recovery attempts reinforcing a clear short-term bearish market structure.
Analysts identify the $75 to $45 range as a key accumulation zone, supported by historical demand levels and long-term
CryptoNewsLand5h ago
