Coinnounce
2022-05-09 11:18:29

Luna Foundation to Lend $1.5 billion Worth of BTC & UST to Protect Stablecoin’s Peg

It isn’t the first time UST has been unable to maintain its peg. The Luna Foundation Guard (LFG), backer of UST, purchased $1.5 billion in Bitcoin to shore up the stablecoin reserve a few days back. However, the controversial algorithmic stablecoin was de-pegged again. Luna’s Solution Luna Foundation Guard (LFG) has announced that it will […]

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