Terra Raises $1 Billion for an Emergency Bitcoin Reserve - BitcoinEthereumNews.com
Bitcoinटेरा ने आपातकालीन बिटकॉइन रिजर्व के लिए $ 1 बिलियन जुटाए02 / 22 / 2022बिटकॉइन एथेरियम समाचारचाबी छीन लेना Terra and the Luna Foundation Guard have completed a $1 billion sale that sold LUNA tokens to venture capital groups. The funds raised will go toward establishing a Bitcoin reserve that protects against unforeseen black swan events. Terra is a decentralized algorithmic stablecoin, unlike Tether (USDT) and other competing centralized stablecoins. इस लेख का हिस्सा The Luna Foundation Guard has closed a $1 billion private sale in an effort to maintain the stability of the TerraUSD stablecoin. Sale Distributes $1 Billion of LUNA Terra anounced the sale through its ट्विटर खाते today. It notes that the fundraiser involved the sale of $1 billion of LUNA tokens, Terras native cryptocurrency and reserve asset. The deal is one of the crypto industrys largest sales yet, according to Terra. Several different venture capital groups were involved with the sale, including Jump Crypto, Three Arrows Capital, DeFiance Capital, Republic Capital, GSR, Tribe Capital, and others. Proceeds from the sale will be used to establish a TerraUSD (UST) forex reserve denominated in Bitcoin (BTC). The reserve aims to maintain a 1:1 peg between the stablecoin and the U.S. dollar. Do Kwon, the founder and CEO of