Terra’s Founder Addresses Worries on Any Loss of Bitcoin Pegged to UST Stablecoin
Terra’s parent company Luna Foundation Guard(LFG) has been on a major Bitcoin buying spree in order to peg BTC to their stablecoin UST. Terraform Labs founder Do Kwon recently stated that he is willing to become the second-largest Bitcoin holder after Satoshi Nakamoto. However, many individuals are worried about future liquidity as a result of […]
Terra purchases additional $135 million worth of Bitcoin, LUNA prices surpasses $100
Bitcoin and the broader cryptocurrency market have rebounded strongly at the start of this new week, as long-term investors continue to make significant gains in their investments. Terra, on the other hand, has maintained its significant Bitcoin holdings as part of its strategy to back the UST stablecoin. In a transaction on Monday, March 28, […]
Terra Founder Moves To Acquire $10 Billion BTC For Reserves
Kwon further stressed that TerraUSD (UST), which is backed by $10 billion or more in Bitcoin reserves, will “start a new monetary era of the Bitcoin standard.” Do Kwon, the founder of Terraform Labs (TFL) and Terra (LUNA), an Ethereum competitor, has revealed plans to amass $10 billion in Bitcoin (BTC) to add to the […]
Terra Network Records A Huge Growth As It Plans 160 New Projects For The Year
Terra network currently boasts of 73-on chain projects, even as its native token LUNA, grows to over $22 billion at the beginning of March. Terra, with its native token $LUNA has outperformed other smart contracts-based blockchain networks such as BNB Chain (formerly known as Binance Smart Chain), Fantom, Avalanche, and crowd favorite Solana, despite an […]
Luna Foundation Guard raises $1 billion to establish a Bitcoin-based UST reserve
Luna Foundation (Terra) chose Bitcoin as the currency for the Forex Reserve because it is “less connected to the Terra ecosystem,” according to the company. Luna Foundation Guard, a charity focusing on the open-source stablecoin network powering Terra USD, has raised $1 billion through the sale of LUNA tokens. Jump Crypto and Three Arrows Capital […]