Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

by Aurelia Butler 22 February 2022, 21:00 169 Views

In a Tuesday tweet, Terra said Jump Crypto and Three Arrows Capital led the $1 billion round with participation from DeFiance Capital, Republic Capital, GSR, Tribe Capital and others. 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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Source: Cryptocurrency - investing.com

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Luna Foundation Guard raises $1B to form UST reserve denominated in Bitcoin

FirstFT: Biden imposes sanctions on Russia for Ukraine ‘invasion’

Three Fed banks voted to increase discount rate in January

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