USTC is the renamed legacy token formerly known as TerraUSD or UST. It was designed as an algorithmic USD stablecoin, lost its peg in May 2022, and no verified issuer redemption claim at par exists in the post-collapse Terra Classic system.
| Symbol | USTC |
| Peg | USD |
| Backing | Algorithmic |
| Status | Active |
| Launched | 2020 |
| Networks | L1 non EVM Terra Classic |
| Specifications | Backing Algorithmic mint-and-burn relationship with LUNA/LUNC rather than fiat reserves; Luna Foundation Guard crypto reserves used during May 2022 peg-defense operations |
| Use cases | DeFi collateral, Settlement |
| Chain | Address |
|---|---|
| Osmosis | ibc/BE1BB42D4BE3C30D50B68D7C41DB4DFCE9678E8EF8C539F6E6A9345048894FCC |
| Terra | uusd |
USTC is the renamed legacy token formerly known as TerraUSD or UST. It was designed as an algorithmic USD stablecoin, lost its peg in May 2022, and no verified issuer redemption claim at par exists in the post-collapse Terra Classic system.
Algorithmic mint-and-burn relationship with LUNA/LUNC rather than fiat reserves; Luna Foundation Guard crypto reserves used during May 2022 peg-defense operations.
Available on Terra Classic.
USTC is the renamed legacy token formerly known as TerraUSD or UST. It was designed as an algorithmic USD stablecoin, lost its peg in May 2022, and no verified issuer redemption claim at par exists in the post-collapse Terra Classic system.
Algorithmic mint-and-burn relationship with LUNA/LUNC rather than fiat reserves; Luna Foundation Guard crypto reserves used during May 2022 peg-defense operations
USTC is recorded on 1 network, Terra Classic.
USTC has a market capitalization of $30M as of 11 October 2026.