Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin's $1 Parity
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Following the drop on Saturday, the Luna Foundation Guard (LFG) revealed it was lending out millions of dollars worth of bitcoin and UST in order to protect the peg until market conditions normalize. See more for yourself here (https://news.bitcoin.com/luna-foundation-to-lend-1-5-billion-in-bitcoin-and-ust-to-market-makers-plan-aims-to-protect-stablecoins-1-parity/).
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