Terra Community Burns 4 Mln LUNA Tokens To Build Stablecoin Reserves
The Luna Foundation Guard (LFG), a blockchain community centered around the Terra network, said it had burnt 4 million LUNA tokens to mint about 372 million of the stablecoin TerraUSD (UST). The UST proceeds will go towards acquiring more collateral to bolster the foundation’s non-LUNA reserves. The move comes as growing volatility in the market
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