UST: This latest initiative by Terra’s ecosystem is reshaping algorithmic stablecoins
Decentralized stablecoin issuer Terra issued a proposal to expand the interchain deployment of its TerraUSD (UST) stablecoin. Namely across five projects on Ethereum, Polygon and Solana. Terra would provide over $139 million in UST and LUNA to DeFi projects for at least the next six months. Such strategies would help the ecosystem to expand its route within the stablecoin domain. Here’s the latest initiative to support this cause.
The Luna Foundation Guard (LFG), a non-profit organization based in Singapore, announced the formation and mission objective today. It aims support and sustain the growth and development of open-source technology, facilitating the realization of a decentralized economy.
<p lang=«en» dir=«ltr» xml:lang=«en»>1/ The first step towards {REDACTED} is now complete.Introducing the formation of the Luna Foundation Guard (LFG).https://t.co/oqke82OUB2 pic.twitter.com/QKGwrhmtMH
— Terra (UST)
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