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cryptonews 2022-05-16 10:59:00

Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users

The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated, LFG said....Read More: Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users

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