The Luna Foundation Guard (LTF) has released a statement on how Terra uses its reserves held for its native stablecoin, UST.
Luna Foundation Guard made statements about its reserves via its Twitter address. In a statement, on May 7, they had 80 thousand 394 BTC, 39 thousand 914 BNB, 26 million 281 thousand USDT, 23 million 555 thousand USDC, 1 million 973 thousand AVAX, 697 thousand 344 UST, 1 million 691 bin LUNA stated that there is.
In a statement by LFG, he said that they converted their reserves to UST after the stability of the UST was broken. 26 million 281 thousand USDT and 23 million 555 thousand USDC with 50.200.071 adet TOP the company stating that they have received 52,189 BTC counterparties transfer these bitcoins for processing 1.515.689.462 that they converted to UST explained. Afterwards, the company 1,163,018,521 in exchange for UST 33.206 sold bitcoin.
More than 80,000 BTC also that 3 billion dollars non-profit organization LFG in which it is located, in the last case only 313 Bitcoins and 270 million dollars It is stated that he has money. It is said that some investors holding UST with this money will use it to cover their losses.