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Foundation Focused on UST Stablecoin Raises $1B in LUNA Sale

The fresh funding will go toward a new reserve to help strengthen the peg for the UST stablecoin.

Updated May 11, 2023, 6:17 p.m. Published Feb 22, 2022, 10:19 p.m.
Terraform Labs CEO Do Kwon on CoinDesk TV in December.
Terraform Labs CEO Do Kwon on CoinDesk TV in December.