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Terra founder plans to obtain $10B BTC for reserves -Breaking

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© Reuters

The founder of Terraform Labs (TFL) and competitor (LUNA) Do Kwon has outlined plans to accumulate a whopping $10 billion worth of (BTC) to add to the project’s stablecoin reserves.

Terra is a blockchain-based platform for decentralization that allows you to store and manage your data. Specializes in stablecoin mining. Its Terra USD is an algorithmic stabilitycoin that has a value pegged to US dollars. This USD value is partly maintained through an equivalent amount native token LUNA.