Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?

The Terra blockchain’s total worth has surpassed $30 billion. LUNA prices have risen approximately 70% in the last week, due to excellent fundamentals and community [...]

The Luna Foundation Guard (LFG) has raised $1 billion in a private token sale to allow the group to safeguard the peg of UST, Terra’s flagship stablecoin, against market instabilities. While the token has an algorithmic method to maintain its dollar value, this decentralized reserve — which will be stored in BTC — aims to […]