“Raising a BTC reserve is a smart move and may result in lesser fluctuations of UST during future bouts of market volatility,” Matthew Dibb, chief operating officer and co-founder of Stack Funds, said. “Ideally, LFG would take steps to keep the reserve 100% on-chain for transparency rather than through centralized means, however, the price action of Luna since the announcement has been largely promising in restoring confidence to the Terra ecosystem.”
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