Terra (LUNA) Community Burns 4 Million LUNA Tokens To Build TerraUSD (UST) 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
The post Terra (LUNA) Community Burns 4 Million LUNA Tokens To Build TerraUSD (UST) Reserves appeared first on CoinGape.
