Luna Foundation Guard To Support Struggling UST Peg With BTC Reserves
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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…
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The newest transfer by the cryptocurrency alternate comes after LFG determined to lend $1.5 billion in BTC and UST to defend the latter’s peg. Binance has announced briefly suspending LUNA and UST... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]…
As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller. The below is an excerpt from a recent edition of... [[ This is a content summary only. Visit my website for full links, other content, and…
Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the U.S. dollar. Terra’s UST suffered a... [[ This is a content summary only. Visit my website for full links, other content,…