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Terraform Labs

Terra’s founder intends to acquire $10 billion in bitcoin for reserves

Jeet Adhvaryu Mar 17, 2022 0

Kwon also said bullishly that its stablecoin TerraUSD (UST), which is backed by more than $10 billion in Bitcoin reserves, would "herald a new monetary era for the Bitcoin standard." Do Kwon, creator of Terraform Labs (TFL) and Ethereum…
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Crypto News

Terraform Labs contributes $1.1 billion to the Luna Foundation Guard reserve fund

Jeet Adhvaryu Mar 12, 2022 0

Due to the increased demand for UST, a pool imbalance has developed on Curve Finance, necessitating action. On Friday, Do Kwon, founder and CEO of Terraform Labs (TFL), revealed that TFL has contributed 12 million LUNA ($1.1 billion at…
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