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

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 reported by The Block

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decebaldobrica

#engineering, #machinelearning and #crypto

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