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The Luna Foundation Guard (LFG) Council will provide a $1.5 billion loan to OTC traders to peg the TerraUSD (UST) algorithmic stablecoin to the dollar amid market volatility. 1/ In the past
Against the background of the decline in the rate of return on deposits, more than 2.2 billion USTs were withdrawn from the Anchor protocol in less than two days. Due to the
Nonprofit Luna Foundation Guard (LFG) purchased another 37,863 BTC for a total of ~$1.5 billion. The transaction was completed on the OTC market mediated by Genesis Global Trading and Three Arrows Capital.
Stablecoin issuer Tether is not considering an IPO. This was stated by the company’s CTO, Paolo Ardoino, in an interview with CryptoPotato. The location of Tether management differs from the plans of
On May 5, the algorithmic stablecoin USDD was released and circulated on the Tron network. The asset is also available on Ethereum and BNB Chain via the BTTC cross-chain protocol. 🔥USD open
Near Protocol developers have launched an algorithmic stablecoin, USN, pegged to the US dollar and backed by the native NEAR token. The DAO will be managed by the Central Bank. Meet $USNThe
On May 5, Tron developers will launch the USDD algorithmic stablecoin backed by the native TRX token and $10 billion in highly liquid equivalent assets. About declaration Justin Sun, CEO of the
The capitalization of the algorithmic stablecoin Terra USD (UST) has exceeded $17.53 billion, allowing the asset to bypass Binance USD (BUSD) and take third place in the “stable coins” rating by this
The nonprofit Luna Foundation Guard (LFG) has slowed the pace of bitcoin purchases after an active recovery in the market. This is stated in the Arcane Research report. According to experts, after
Terraform Labs has donated an additional 10 million LUNA worth approximately $880 million to the nonprofit Luna Foundation Guard (LFG). The funds can be used to invest in bitcoin to stabilize the
