LFG to deploy $1.5 billion to bolster UST peg and construct BTC reserves
Amid the sharp pullback throughout (BTC) and the broader crypto market this week, the Luna Basis Guard (LFG) is about to deploy $1.5 billion price of capital to “assist shield” USD’s (UST) peg to america greenback.
The Singapore-based nonprofit LFG is a part of the Terra ecosystem and is tasked with collateralizing the community’s algorithmic stablecoin UST to maintain its USD peg intact whereas additionally managing the community’s reserves.
Proceed Studying on Coin Telegraph
