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What is TerraClassicUSD?

TerraClassicUSD (USTC) rebranded from TerraUSD (UST) is a decentalised stablecoin utilising the Terra blockchain. USTC’s aim is to deliver an extremely scalable solution for DeFi projects to help serve the Terra community by creating a yield-bearing coin pegged to the US Dollar.

  • Due to TerraClassicUSD’s unique minting mechanism, it is able to meet all of the requirements for the DeFi protocols that use it, without losing its all important scalability.
  • USTC is one of the first stablecoins to offer a secure interest rate and potential for passive income, utilising the Anchor protocols stable interest rates. The Anchor protocol promises a 20% return on TerraClassicUSD savings.
  • USTC allows for easy exchange on top of enhanced scalability and interoperability via DeFi. As stablecoins in the Terra ecosystem share the total liquidity, individuals are able to exchange USTC for KRT (a stablecoin pegged to the Korean won) with minimal hassle or fees.

TerraClassicUSD aims to be one of the first stablecoins to offer easy interchain movement, seamless integration with DeFi, and reliable interest earnings. As such USTC has been able to become the pricing benchmark for many DApp market places.

How do I swap TerraClassicUSD?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about TerraClassicUSD

Why Should I Trade USTC with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell TerraClassicUSD no matter what your trading experience is. Unlike other international and Australian TerraClassicUSD exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy TerraClassicUSD with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade TerraClassicUSD how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your TerraClassicUSD?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your TerraClassicUSD for free.

Cold Storage

If you are holding TerraClassicUSD as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy TerraClassicUSD. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for TerraClassicUSD. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
TerraClassicUSD has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As TerraClassicUSD is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual TerraClassicUSD exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in TerraClassicUSD & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying TerraClassicUSD safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your TerraClassicUSD portfolio here.
Yes! With CoinSpot you can convert your TerraClassicUSD to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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