Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin -Breaking
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© Reuters. Luna Foundation Guard is a nonprofit that focuses on open-source stablecoin networks. It has raised $1 billion through the sale LUNA tokens.
Terra tweeted on Tuesday, April 12. Jump Crypto, Three Arrows Capital, and Tribe Capital participated in the $1 billion round. The platform said proceeds from the sale — $1 billion — would “go towards establishing a Bitcoin-denominated Forex Reserve for UST,” a stablecoin in the Terra ecosystem.
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