Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg

Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg

Luna Foundation Guard (LFG) said on May 9 that it will lend out $1.5 billion worth of Bitcoin (BTC) and UST to defend the algorithmic stablecoin’s peg to the United States dollar. The post Terra’s LFG to lend OTC traders $1.5B in BTC, UST to support stablecoin peg appeared first…
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Source: Cryptoslate
Posted: 8 minutes ago