Originally published at: Luna Foundation Guard Has Purchased Over $1.4 Billion in Bitcoin ($BTC) for $UST Reserve (Cryptoglobe) – We Never See Nothing
The Luna Foundation Guard (LFG) has already bought over $1.4 billion worth of the flagship cryptocurrency Bitcoin ($BTC) to create a reserve for the Terra ($LUNA) protocol’s UST stablecoin. While it isn’t yet clear how the BTC will be wrapped for use by the protocol, thanks to the transparency of the Bitcoin blockchain it’s possible…