TerraClassicUSD price history 2020-2024

The price of Terra's algorithmic stablecoin UST collapsed severely in May 2022, declining by over 95 percent in the span of a few days. This came as a surprise to many, given the promise the stablecoin held. Simply put, Terra claimed to have created a smart contract system that can keep the price of its (stable)coin more stable than that of other digital currencies. It would do so by using an algorithm that automatically sacrifices ("burns") LUNA tokens - the cryptocurrency of the same Terra blockchain - in order to create new UST coins. This is a big deal for Decentralized Finance or DeFi, as some of the most valued segments in DeFi rely on price stability in order to function. The concept of an algorithm that automatically adds or removes supply, irrespective of sentiment, is different from other popular stablecoins such as Tether (USDT), which are either backed by the fiat currencies like the U.S. dolla or external crypto assets.

Price of 1,000 TerraClassicUSD (USTC) per day from October 2020 to September 25, 2024 (in U.S. dollars)

Characteristic	Price in U.S. dollars
Sep 25, 2024	18.29
Sep 24, 2024	17.77
Sep 23, 2024	17.6
Sep 22, 2024	18.15
Sep 21, 2024	17.89
Sep 20, 2024	17.66
Sep 19, 2024	17.23
Sep 18, 2024	16.78
Sep 17, 2024	16.36
Sep 16, 2024	17.07
Sep 15, 2024	18.66
Sep 14, 2024	17.2
Sep 13, 2024	17.15
Sep 12, 2024	16.71
Sep 11, 2024	16.96
Sep 10, 2024	16.29
Sep 09, 2024	15.72
Sep 08, 2024	15.3
Sep 07, 2024	15.15
Sep 06, 2024	15.58
Sep 05, 2024	15.78
Sep 04, 2024	15.52
Sep 03, 2024	16.04
Sep 02, 2024	15.06
Sep 01, 2024	15.96
Aug 2024	16.37
Jul 2024	18.9
Jun 2024	17.44
May 2024	23.84
Apr 2024	19.1
Mar 2024	27.98
Feb 2024	35.07
Jan 2024	25.8
Dec 2023	33.31
Nov 2023	51.5
Oct 2023	12.16
Sep 2023	12.79
Aug 2023	12.56
Jul 2023	15.41
Jun 2023	12.38
May 2023	13.94
Apr 2023	21.3
Mar 2023	21.32
Feb 2023	27.43
Jan 2023	21.45
Dec 2022	20.21
Nov 2022	20.66
Oct 2022	39.5
Sep 2022	30.59
Aug 2022	25.95
Jul 2022	35.1
Jun 2022	81.82
May 2022	25.61
Apr 2022	1,000.91
Mar 2022	1,001.3
Feb 2022	1,007.54
Jan 2022	1,001.16
Dec 2021	1,002.67
Nov 2021	1,000.63
Oct 2021	1,005.46
Sep 2021	1,004.38
Aug 2021	1,001.2
Jul 2021	1,006.42
Jun 2021	1,000.33
May 2021	995.1
Apr 2021	1,019.83
Mar 2021	1,003.94
Feb 2021	1,001.11
Jan 2021	1,028.5
Dec 2020	1,007.63
Nov 2020	1,001.32
Oct 2020	1,001.65

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Release date

September 2024

More information

Region

Worldwide

Survey time period

October 2020 to September 25, 2024

Special properties

Monthly figures are as of the end of that particular month; Opening price; As the TerraUSD (1.0) price declined rapidly in May 2022, the statistic had to be changed to reflect the development. On September 23, the price of a single TerraClassicUSD (USTC) reached a price of 0.03235391 USD

Supplementary notes

Figures have been rounded.

On May 28, 2022, the creators behind TerraUSD released a 2.0 version of the stablecoin, whilst the "original" TerraUSD coin got rebranded into USTC or TerraClassicUSD . The numbers provided here pre-date this change, and therefore refer to this 1.0 version.

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