Terraform Labs gifts another $880M to Luna Foundation Guard
Terraform Labs has gifted 10 million LUNA ($880 million) to the Luna Foundation Guard to help boost the stability of the stablecoin UST.
The funding will likely go toward the foundation’s goal of acquiring additional collateral — so far in the form of Bitcoin (BTC) and Avalanche (AVAX) — to underpin UST. It may also be partially burned to help maintain UST’s peg to the US dollar.