TerraClassicUSD (USTC) is a decentralized, algorithmic stablecoin that's pegged to the value of the US dollar. It was created to provide a scalable solution for DeFi (Decentralized Finance) and offers interest earnings, easier interchain movement, and incredible scalability ¹.$USTC

*Key Statistics:*

- _Market Capitalization:_ $133.9 million

- _Circulating Supply:_ 5.8 billion USTC coins

- _Total Supply:_ 8.1 billion USTC coins

- _All-Time High:_ $1.05 (January 30, 2021)

- _All-Time Low:_ $0.006218 (June 18, 2022) ¹

As for its use cases, USTC can be used for:

- *DeFi Applications*: USTC provides a scalable and stable currency for decentralized finance applications.

- *Interoperability*: USTC enables seamless transactions between different blockchain ecosystems.

- *Passive Income*: Users can earn interest on their USTC holdings through the Anchor protocol.

It's worth noting that USTC depegged from the US dollar in May 2022 and is currently trading at $0.02296 ¹. If you're interested in buying USTC, you can do so