TerraClassicUSD up 276%. InQubeta Raises $5.4m in ICO

BeInCrypto Team

28 November 2023, 15:32 GMT+0000

TerraClassicUSD (USTC), the algorithmic stablecoin of the Terra ecosystem, has surged by an impressive 301%, catapulting its market cap to $640,460,560. This extraordinary growth prompts a closer look into the catalysts and dynamics driving USTC’s meteoric rise.

USTC Price Growth Catalysts

Two significant factors have propelled TerraClassicUSD’s price surge. Firstly, a strategic $500,000 investment from Terra Classic Labs resulted in the acquisition of 25.6 million USTC at an average price of $0.021. Trader QT, an Official Terra Classic Labs partner, emphasized that this accumulation aligns with the outfit’s Treasury Reserve Policy.

While initially conceived as a stablecoin pegged to the US Dollar, USTC’s de-pegging in 2020 transformed it into an asset with considerable profit potential. #TerraClassic #USDC #BTC期货 #TERRA #luna