Is ustc currency still worth holding?

No, USTC coins no longer have holding value. Reasons include: loss of basic support, lack of trust, sluggish trading volume, and technical limitations.

Is the USTC coin worth holding?

No, USTC coins no longer have holding value.

Detailed analysis:

USTC coin is a rebranded version of the failed stablecoin UST in the Terra blockchain ecosystem. In the May 2022 cryptocurrency crash, UST decoupled from the U.S. dollar, causing the Terra ecosystem to collapse.

The following factors caused the USTC coin to lose value:

• Loss of fundamental support: UST aims to maintain a stable value against the US dollar by being pegged to LUNA, the native token on the Terra blockchain. However, the algorithmic decoupling between UST and LUNA led to the collapse of UST.
• Lack of Trust: The crash has damaged trust in the Terra ecosystem and investors are unsure about the value of USTC.
• Low Trading Volume: USTC has low trading volume, making it illiquid and difficult to sell at a reasonable price.
• Technical Limitations: USTC uses now-obsolete technology, making it difficult to integrate with other cryptocurrency projects.

Conclusion:

Given these factors, USTC coin is no longer worth holding. Investors should avoid buying or holding USTC coins as they are unlikely to regain value.

TerraClassicUSD (USTC) is currently worth $0.0151 with a 24-hour trading volume of $17.42 million. USTC has lost 0.395% in value over the past day and currently has a circulating supply of 558 billion in the market. The maximum supply of USTC is unknown, and its total supply is the same as the circulating supply, which is 558 billion. This indicates that all USTC tokens are currently in circulation.

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