The world of stablecoins has seen dramatic shifts in recent years, and few stories are as notable as the evolution of TerraClassicUSD (UST) and its relationship with Tether (USDT). Once a cornerstone of decentralized finance, UST has undergone a significant devaluation since its collapse in 2022. Today, converting TerraClassicUSD to USDT is a common move for holders seeking stability. This guide explores the current exchange rate, market dynamics, and practical steps for conversion—while highlighting key insights for investors navigating this space.
Understanding UST and USDT
TerraClassicUSD (UST) was originally designed as an algorithmic stablecoin pegged to the U.S. dollar. However, following a catastrophic loss of its peg in May 2022, it became a volatile asset with no official backing. Despite its diminished status, UST still circulates with a market cap exceeding $89 million and remains tradable on select platforms.
In contrast, Tether (USDT) is one of the most widely used stablecoins in the crypto ecosystem. Backed by reserves that reportedly match or exceed its circulating supply, USDT maintains a stable value of approximately $1. It operates across multiple blockchains, though platforms like Coinbase only support USDT on the Ethereum network (ERC-20).
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As of the latest data, 1 UST equals 0.0125 USDT, meaning UST trades at just over 1% of its original dollar peg. Conversely, 1 USDT can acquire approximately 80.14 UST, illustrating the extent of UST’s depreciation.
Exchange Rate Trends
The UST to USDT exchange rate has shown minor fluctuations recently:
- Hourly change: +0.87% (UST/USDT)
- 24-hour change: -1.63%
- 7-day trend: +1.32%
- Monthly change: +6.66%
- Yearly decline: -37.39%
This indicates short-term volatility amid a long-term downward trajectory. The 24-hour high reached 0.0129 USDT per UST, while the low dipped to 0.0123—highlighting ongoing instability.
For context:
- One month ago, 1 UST was worth 0.0116 USDT
- One year ago, it held a value closer to 0.0171 USDT
Although there’s been a slight recovery recently, UST remains far from its intended $1 parity.
Market Data Snapshot
TerraClassicUSD (UST) Metrics
- Current Price: $0.0159 SGD
- Market Cap: $89.02 million SGD
- 24-Hour Volume: $8.48 million SGD
- Circulating Supply: 5.59 billion UST
Despite its reduced valuation, UST maintains liquidity and continues to be exchanged across various decentralized exchanges.
Tether (USDT) Metrics
- Current Price: $1.27 SGD (pegged near $1 USD)
- Market Cap: $200.92 billion SGD
- 24-Hour Volume: $77.59 billion SGD
- Circulating Supply: 157.83 billion USDT
USDT's massive adoption makes it the go-to asset for traders seeking stability during market turbulence.
How to Convert UST to USDT
While major exchanges like Coinbase suspended UST trading on May 27, 2022, due to ecosystem instability, users can still store, send, and receive UST. To convert UST to USDT:
- Use a supported decentralized exchange (DEX) such as Curve Finance or MEXC.
- Connect your wallet (e.g., MetaMask).
- Select UST as the input and USDT as the output.
- Confirm transaction fees and execute the swap.
Ensure you're using compatible blockchain networks—especially when handling USDT, which should be transferred via ERC-20 to avoid fund loss.
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Historical Conversion Reference
Below is a breakdown of how much USDT you’d receive when exchanging different amounts of UST based on current and past rates:
| UST Amount | Today (0.0125) | 24h Ago (-1.81%) | 1 Month Ago (+6.66%) | 1 Year Ago (-37.39%) |
|---|---|---|---|---|
| 0.5 | 0.0062 USDT | 0.0064 USDT | 0.0058 USDT | 0.0086 USDT |
| 1 | 0.0125 USDT | 0.0127 USDT | 0.0116 USDT | 0.0171 USDT |
| 5 | 0.0624 USDT | 0.0635 USDT | 0.0582 USDT | 0.0857 USDT |
| 10 | 0.1248 USDT | 0.1270 USDT | 0.1165 USDT | 0.1714 USDT |
| 50 | 0.624 USDT | 0.635 USDT | 0.582 USDT | 0.857 USDT |
| 100 | 1.248 USDT | 1.270 USDT | 1.165 USDT | 1.714 USDT |
| 500 | 6.24 USDT | 6.35 USDT | 5.82 USDT | 8.57 USDT |
| 1,000 | 12.48 USDT | 12.70 USDT | 11.65 USDT | 17.14 USDT |
This table illustrates both the depreciation of UST and the importance of timing when executing conversions.
Frequently Asked Questions
What is the current value of 1 TerraClassicUSD in SGD?
As of now, 1 UST equals S$0.0159.
How many UST can I get for 1 SGD?
Based on current exchange rates, 1 SGD will get you approximately 62.95 UST.
Has the price of TerraClassicUSD been increasing or decreasing?
The price has shown mixed trends: slightly up over the past month (+6.66%) and week (+1.32%), but down significantly over the past year (-37.39%). Overall, it remains in a long-term downtrend.
How do I convert UST to SGD?
You can use online crypto converters or decentralized exchanges that list UST/SGD or UST/USDT pairs. After converting UST to USDT or another stablecoin, you can withdraw to fiat through supported platforms.
Can I still buy TerraClassicUSD on Coinbase?
No, Coinbase suspended trading of UST on May 27, 2022, following the collapse of the Terra ecosystem. However, you can still store and transfer UST via your Coinbase wallet.
Are there alternatives to TerraClassicUSD I can invest in?
Yes, many investors have shifted toward more stable and established assets like Tether (USDT), USD Coin (USDC), or DAI—all of which maintain stronger pegs and transparency in reserves.
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Final Thoughts
Converting UST to USDT represents a strategic move toward preserving capital in uncertain markets. While TerraClassicUSD remains a symbol of innovation gone awry, Tether continues to serve as a reliable bridge between traditional finance and the crypto economy.
Whether you're looking to stabilize your portfolio or simply understand where your holdings stand, staying informed about exchange rates, platform availability, and blockchain compatibility is essential.
Always remember: past performance does not guarantee future results, and all investments carry risk—especially in volatile or deprecated assets like UST.
Data accurate as of latest available update; always verify rates before executing trades.