Terraform Labs Gifts $820M in Tokens to Luna Foundation Guard

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Terraform Labs Gifts $820M in Tokens to Luna Foundation Guard

Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gifted 10 million LUNA tokens worth $820 million at press time to Luna Foundation Guard (LFG), the non-profit platform that is building up bitcoin (BTC) reserves for UST, The Block reported. www.coindesk.com

Terraform Labs, the organization behind the UST algorithmic stablecoin (UST) and its LUNA token, gifted 10 million LUNA tokens worth $820 million at press time to Luna Foundation Guard (LFG), the non-profit platform that is building up bitcoin (BTC) reserves for UST, The Block reported.

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