Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity

Posted on May 9, 2022
In $1 Parity, $100 million AVAX, $3 billion in bitcoin, Avalanche (AVAX), bitcoin, Bitcoin (BTC), crypto assets, Do Kwon, lfg, LFG Bitcoin, LFG Bitcoin Wallet, Luna Foundation, luna foundation guard, News, OTC deals, Over-the-counter, Peg, Stablecoin, terra, Terra blockchain, Terraform Labs founder, UST, UST Stablecoin

As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two days ago on May 7, 2022, UST dipped down to $0.985 per unit against tether (USDT), and the stablecoin’s price drop invoked a great deal of speculation concerning UST losing […]
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