Luna Foundation Guard raises $1B in a sale of LUNA, the Terra's blockchain native token, to form a BTC-denominated forex reserve for Terra's UST stablecoin (Ryan Weeks/The Block)
Luna Foundation Guard raises $1B in a sale of LUNA, the Terra's blockchain native token, to form a BTC-denominated forex reserve for Terra's UST stablecoin — Quick Take — The capital will be used to create a new reserve that can act as a “release valve” for UST redemptions during selloffs in crypto markets.
from Techmeme https://ift.tt/firjdVY
Luna Foundation Guard raises $1B in a sale of LUNA, the Terra's blockchain native token, to form a BTC-denominated forex reserve for Terra's UST stablecoin (Ryan Weeks/The Block)
![Luna Foundation Guard raises $1B in a sale of LUNA, the Terra's blockchain native token, to form a BTC-denominated forex reserve for Terra's UST stablecoin (Ryan Weeks/The Block)]()
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February 22, 2022
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