Luna Foundation Guard has raised $1B to form Bitcoin reserve for UST stablecoin.
22 Feb 2022, 17:05
Luna Foundation Guard has raised $1B to form Bitcoin reserve for UST stablecoin
The Luna Foundation Guard (LFG) has raised $1B through an over-the-counter sale of $LUNA, the native token of the Terra blockchain, to establish a bitcoin-denominated forex reserve for $UST, Terra’s biggest stablecoin. Jump Crypto and Three Arrows Capital led the raise, with Republic Capital, GSR, Tribe Capital, DeFiance Capital and others also participating.
👉 theblockcrypto.com/post/134871/luna-founation-guard-token-sale