Breaking: Terra In Talks For Bailout With Swiss Asset Manager GAM

Swiss asset manager GAM Holding said on Friday it is negotiating with Terra developer Terraform Labs to potentially support its UST stablecoin. GAM said it could possibly invest between $2 billion and $3 billion to burn excess supply of UST, as the token gets dumped. GAM intends to help Terra re-establish the UST peg back

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Author: toutiao