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
BNT Surges 24.45% in 5 Minutes, Reaching $0.4158 Amid 31.96% Daily Gain
Bancor's BNT token surged 24.45% in five minutes, reaching $0.4158, with a 31.96% gain in 24 hours. Increased trading volume and staking dynamics contributed to this interest, as traders eye key resistance and support levels for future movements.
GateNews2m ago
Expert Claims Altcoin Metrics Are Being 'Gamed' to Mislead Investors
Crypto researcher Orbion raises concerns over the possible manipulation of key market indicators, including the Altseason Index and Crypto Fear and Greed Index, suggesting that inflated metrics create false optimism and mislead investors about the onset of altcoin season.
Coinpedia10m ago
ADA Tests Key $0.230 Support While Upgrade Timeline Holds
Key Insights:
ADA trades at the wedge apex near $0.2387 as price compresses between $0.230 support and $0.245 resistance ahead of a decisive breakout move.
Protocol 11’s timeline remains intact despite the memory bug fix, keeping Cardano fundamentals stable while macro risks dominate short-t
CryptoNewsLand1h ago
XRP Breaks Above $1.40 as Spot ETF Inflows Hit $17.6M Milestone
XRP breaks $1.40 after Ripple partnership boosts investor confidence and market momentum.
Spot XRP ETFs record $17.6M inflows, signaling rising institutional demand and interest.
Technical indicators show resistance ahead, with support holding near $1.40 and $1.3840.
Ripple’s XRP is
CryptoNewsLand5h ago
PEPE Reclaims 0.00000400 — Is This 1.8% Move the Start of a Bigger Run?
PEPE rebounds from 0.00000385 support, forming higher lows and stronger bullish structure.
Technical indicators like MACD and RSI show momentum with room for further upside.
Key resistance at 0.00000410; support at 0.00000380 critical for trend continuation.
PepeCoin — PEPE, has
CryptoNewsLand10h ago
ETH drops 0.58% in 15 minutes: derivatives liquidity contraction and proactive position reduction dominate short-term pullback
From 2026-04-19 04:30 to 2026-04-19 04:45 (UTC), within ETH’s 15-minute candlestick chart, the return recorded -0.58%, and the price range was 2321.62 to 2342.04 USDT, with an amplitude of 0.87%. The short-term selloff occurred against a backdrop of increased overall market volatility and a broad decline in the prices of major crypto assets; overall market risk appetite clearly fell, and traders’ wait-and-see sentiment strengthened.
The main driver behind this abnormal move is a sharp contraction in liquidity in the derivatives market and leveraged funds proactively reducing positions. Data shows that over the past 24 hours, the ETH/USD perpetual contract trading volume dropped 67.16% to approximately 74.87 million, open interest edged down 3.33% to 329 million, and liquidation amounts did not expand unusually. This structure indicates that the market lacks the risk of passive cascades; more funds chose to proactively step aside and wait on the sidelines, intensifying short-term selling pressure.
In addition, the long/short structure in which shorts held the upper hand (long/short ratio 47.48%:52.52%) and sentiment synchronization with the panic range reinforced the downward price trend. During the same period, major coins such as BTC and SOL also fell 2%-3.4% in tandem, further showing that this pullback was driven by system-wide risk sentiment. On-chain funds did not show any large abnormal transfers or large-scale liquidations of DeFi protocols; spot and on-chain liquidity remained generally stable, and no sudden system risk resonance was observed.
Current volatility-related risks still need close monitoring, especially as overall risk appetite continues to contract—ETH’s short-term price may face further downside probing. Watch subsequent changes in derivatives trading volume and open interest, extreme shifts in the long/short ratio and funding rate, and promptly monitor on-chain fund flows, large transfers, and any signs of amplified platform net outflows. For more market anomalies and deeper analysis, please continue to follow our upcoming market updates.
GateNews11h ago
