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Luna Foundation Guard Raises $1 Billion to Safeguard UST Dollar Peg

Luna Foundation Guard Raises  Billion to Safeguard UST Dollar PegThe 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 […]

Kraken Completes 2024 Proof of Reserves, Verifying Over $21.5 Billion in Client Assets