Name: Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg
Uploaded: 2022-05-11T19:59:00.000Z
Duration: 1 min 19 s
Description: Luna Foundation Guard (LFG) has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg. LFG’s reserve balance has declined from 80,394 BTC to zero, and the majority has been deposited onto the Gemini exchange. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

CD20$1,955.083.28%BTC$73,037.703.22%ETH$1,977.984.41%XRP$1.283.71%SOL$80.703.35%

Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg | CoinDesk Videos

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CD20$1,955.083.28%BTC$73,037.703.22%ETH$1,977.984.41%XRP$1.283.71%SOL$80.703.35%

Luna Foundation Guard’s Reserve Balance Declines to Zero to Defend UST Peg | CoinDesk Videos