Tag: 880M

Terraform Labs Provides 10 Million LUNA ($880 Million) to Luna Foundation Guard to Help Boost Stablecoin UST

To fund the goal of providing additional collateral, Terraform Labs, the development company behind the Terra blockchain and UST Stablecoin, founded Luna Foundation Guard, a Singapore-based non-profit in January. and tasked with stabilizing Terra’s Stablecoins algorithm.

Currently, the Luna Foundation Guard has built a large cryptocurrency treasury as collateral for UST. 42,406 BTC worth 1.7 billion dollars It also announced plans to acquire … Read more