Luna Foundation Guard Discloses Usage of Bitcoin Reserves – Bitcoin News - BitcoinEthereumNews.com
BitcoinLuna Foundation Guard เปิดเผยการใช้ Bitcoin Reserves – Bitcoin News05 / 17 / 2022ข่าว Bitcoin Ethereum The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to try and stabilize the value of UST. The reserve was comprised of more than 80,000 BTC. Luna Foundation Guard Clarifies Reserve Movements The Luna Foundation Guard (LFG), the organization tasked with safeguarding the dollar peg of UST, the algorithmic stablecoin of the Terra ecosystem, has broken its silence to explain the use of the assets it had under its custody. The institution had ไว้ด้วยกัน มากกว่า 80K BTC, which was to be used in case of market imbalances affecting the value of terrausd (UST). According to reports on social media, the foundation spent almost all of its BTC reserves in a failed attempt to save UST. This was made in three different operations. In the first one, LFG sold 26,281,671 USDT & 23,555,590 USDC for an aggregate of 50,200,071 UST, in what was the first