TerraUSD (Wormhole)Price(UST)
Details TerraUSD (Wormhole) (UST) Price information (USD)
The current real-time price of UST is $0.0046. In the past 24 hours, UST has traded between $0.0046 and $0.0048, showing strong market activity. The all-time high of UST is $1.043, and the all-time low is $0.0018.
From a short-term perspective, the price change of UST over the past 1 hour is
TerraUSD (Wormhole) (UST) Market Information
TerraUSD (Wormhole) (UST) Today's Price
The live price of UST today is $0.0046, with a current market cap of $0. The 24-hour trading volume is 180.8. The price of UST to USD is updated in real time.
TerraUSD (Wormhole) (UST) Price History (USD)
No data
What is TERRAUSD (WORMHOLE) (UST)?
When is the right time to buy UST? Should I buy or sell UST now?
Before deciding whether to buy or sell UST, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s UST technical analysis can provide you with trading references.
Future price trend of UST
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for UST.
How much will UST be worth tomorrow, next week, or next month in ? What about your UST assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! UST Price Prediction
How to buy TERRAUSD (WORMHOLE) (UST)
Convert UST to local currency
UST Resources
To learn more about UST, consider exploring other resources such as the whitepaper, official website, and other published information:
Blockchain explorer
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
ethereum | 0x3245...300b85  | 10.108M | 13.43% |
ethereum | 0xc2e2...79efc4 | 6.242M | 8.3% |
ethereum | 0xc590...f90a52 | 2.178M | 2.9% |
ethereum | 0x77f3...8774ff | 2.163M | 2.87% |
ethereum | 0x4822...e6b03d | 2.035M | 2.71% |
Other | 52.525M | 69.8% |
Hot Events
TERRAUSD (WORMHOLE) (UST) FAQ
What is TerraUSD (Wormhole) (USTC) today, and what is its purpose after the original UST collapse?
Terra Classic USD (Wormhole) (USTC) is a wrapped version of the original Terra Classic USD (UST) on the Ethereum blockchain, utilizing the Wormhole protocol for cross-chain transfers. Initially designed as an algorithmic stablecoin, its value significantly de-pegged in May 2022. It now trades at a fraction of its intended value. Its current role is primarily as a legacy token within the Terra Classic ecosystem, with its utility limited to existing applications or potential future community-driven initiatives on the Terra Classic chain.
What caused the collapse of the original TerraUSD (UST), and how does that affect USTC now?
The original TerraUSD (UST) was an algorithmic stablecoin that relied on a mechanism with its sister token LUNA to maintain its $1 peg. In May 2022, large withdrawals from the Anchor Protocol, coupled with mass selling, triggered a "death spiral." As UST began to de-peg, LUNA's price plummeted, further destabilizing UST. This collapse devastated the ecosystem. The current USTC carries this historical burden, and its very low value reflects the complete loss of confidence and the fundamental failure of its stability mechanism.
What are the risks associated with holding or trading TerraUSD (Wormhole) (USTC) now?
The primary risk is its extreme volatility and the fact that it is no longer a stablecoin. Its value is significantly de-pegged from the US dollar and has not recovered its intended value. The inherent fragility of algorithmic stablecoins, which depend heavily on market confidence, was critically exposed during the collapse. There is no guarantee of price recovery, making it a highly speculative asset with substantial downside potential.
How does the "Wormhole" aspect function, and were there specific issues related to it?
The Wormhole protocol operates as a decentralized cross-chain bridge, enabling tokens like UST (now USTC) to move between different blockchains, enhancing interoperability. While Wormhole itself facilitates transfers, during the UST collapse, some users encountered difficulties. Certain platforms did not support the "Wormhole" wrapped versions of tokens, leading to potential loss of assets when users attempted to transfer them. This highlighted the necessity of verifying platform support for specific token versions.
Is there any future or recovery plan for Terra Classic USD (Wormhole) (USTC)?
Following the collapse, the Terra blockchain underwent a split, creating Terra Classic (LUNC) and Terra 2.0 (LUNA). USTC is part of the Terra Classic ecosystem. While the Terra Classic community has put forth various proposals, there is no official plan or mechanism guaranteeing a return to its dollar peg or significant value recovery. Its future is entirely dependent on community efforts and market sentiment, without a clear path to regaining its original function.
What is the current status of the original development team and key regulatory actions concerning the Terra ecosystem?
Terraform Labs, the original developer, filed for bankruptcy in January 2024. Additionally, a major regulatory body reached a settlement with a trading firm concerning alleged market manipulation aimed at maintaining the original UST's peg. These significant legal and financial developments underscore the profound fallout from the collapse, highlighting ongoing scrutiny and the challenges faced by the ecosystem's legacy assets.
