Luna Foundation Guard Breaks the Silence and Reveals How Much Was Spent to Defend UST’s Peg
Sponsored
Sponsored
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! ]]
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,…
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... [[ 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! ]]…