Jump and Three Arrows Lead $1B LUNA Buy to Secure UST Against Black Swans - The Defiant - Deepstash

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Jump and Three Arrows Lead $1B LUNA Buy to Secure UST Against Black Swans - The Defiant

Jump and Three Arrows Lead $1B LUNA Buy to Secure UST Against Black Swans - The Defiant

thedefiant.io

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Terra’s stablecoins, primarily UST, will now be backstopped by Bitcoin.

A billion dollars worth of BTC will be set aside by the Luna Foundation Guard (LFG) to act as a backstop for UST and other Terra stablecoins in case they lose their pegs, as first reporte...

LFG sold $1B in LUNA tokens, the governance token of the Terra blockchain, to Jump Crypto , Three Arrows Capital , DeFiance Capital and other investors. 

LFG was ...

“The $UST Forex Reserve is an LFG initiative to provide a further layer of support for the $UST peg using assets that are considered less correlated to the Terra ecosystem, like Bitcoin,” the official Terra Twitter account annou...

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