Terra buys $200M in AVAX for reserves as rival stablecoins emerge -Breaking
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Terra invests $200M in AVAX to reserve reserves, as stablecoins rivals are discoveredTerraform Labs, (TFL), and Luna Foundation Guard (LFG), announced they had purchased (a total of $200 million) worth of Terraform Labs.AVAX() Tokens From The Avalanche Foundation
TFL, the company behind the development and use of blockchain technology, purchased Terra for $100 million (LUNA) for AVAX in order to “strategically align ecosystem incentives,” According to Terra’s Twitter (NYSE:).
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