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coinpedia
2022-05-17 12:52:47

Luna Foundation Guard Clarifies Bitcoin Reserve Transfers!

Luna Foundation Guard Clarifies Bitcoin Reserve Transfers!

The post Luna Foundation Guard Clarifies Bitcoin Reserve Transfers! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideThe Luna Foundation Guard, which is in charge of maintaining the peg of UST, the Terra ecosystem’s stablecoin, has disclosed how it used the available Bitcoin reserve prior to the Terra ecosystem’s latest catastrophe. To try to keep the value of UST stable, the group sold some of the bitcoins it possessed immediately and exchanged …

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