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Showing results for tags 'terra blockchain'.
As a part of its goal to accumulate $10 billion in Bitcoin to back algorithmic stablecoin U.S. Terra (UST), the Luna Foundation Guard (a non-profit managing the reserves for the UST stablecoin) disclosed yesterday that it has purchased 37,863 BTC worth nearly $1.5 billion. LFG now holds roughly a total of $3.5 billion worth of BTC in its reserves, making it the 7th largest BTC holder. LFG acquired the BTC via over-the-counter swaps with Genesis Trading and Three Arrows Capital. Of the $1.5 billion, $1 billion was an OTC swap with Genesis while the other $500 million was acquired from Three Arrows Capital. https://cointelegraph.com/news/luna-foundation-guard-purchases-additional-37-863-btc-as-part-of-reserve-strategy
Digital asset custody platform Fireblocks has added support for the Terra blockchain as institutional demand for decentralised finance (DeFi) rises. This means institutional clients of Fireblocks will now have access to all the Dapps on the Terra ecosystem, such as Anchor Protocol and Lido. According to Michael Shaulov, CEO of Fireblocks “As their[institutions] appetite expands, so will their desire to be able to access all of the latest and greatest innovations across different blockchain ecosystems." https://cointelegraph.com/news/fireblocks-expands-institutional-access-to-terra-s-defi-ecosystem