Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg
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The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the…
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The Luna Foundation Guard, a new decentralized organization developed to support the Luna ecosystem, has been launched last week in Singapore. The institution will offer funding in the form of grants... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] Go…
The Luna Foundation Guard (LFG) lastly broke the silence and revealed precisely how a lot they spent to defend the UST peg all through the occasions of final week. As CryptoPotato reported, UST – the... [[ This is a content summary only. Visit my website for full links, other content, and more!…
High-volumes sales of UST have pushed the stablecoin below peg for several hours The LFG will loan $750 million from its BTC reserves to market makers for stability operations Stablecoins pegged to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…