Terraform Labs Gives $820M in LUNA Tokens to Luna Foundation Guard

Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale

Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gave 10 million LUNA tokens worth $820 million to Luna Foundation Guard (LFG), the nonprofit that is building up bitcoin (BTC) reserves for UST, The Block reported.

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