TerraClassicUSD price history 2020-2022

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 October 20, 2022 (in U.S. dollars)

Characteristic	Price in U.S. dollars
Oct 20, 2022	38.68
Oct 19, 2022	35.55
Oct 18, 2022	38.35
Oct 17, 2022	37.14
Oct 16, 2022	41.81
Oct 15, 2022	46.07
Oct 14, 2022	53.42
Oct 13, 2022	43.95
Oct 12, 2022	60.22
Oct 11, 2022	43.73
Oct 10, 2022	34.2
Oct 09, 2022	28.88
Oct 08, 2022	28.82
Oct 07, 2022	28.72
Oct 06, 2022	29.98
Oct 05, 2022	30.88
Oct 04, 2022	31.15
Oct 03, 2022	32.09
Oct 02, 2022	32.5
Oct 01, 2022	32.06
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

October 2022

More information

Region

Worldwide

Survey time period

October 2020 to October 20, 2022

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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