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El_Chap0x
Apr 8

Terra Chooses Avalanche to Diversify Collateral for UST

After BTC, Terra is now tapping into the Avalanche ecosystem to help maintain its stablecoin peg.The large purchase is part of the Luna Foundation Guard’s (LFG) efforts to diversify the forms of collateral backing UST.The LFG chose to integrate UST with the Avalanche ecosystem because of its cross-chain capabilities.UST is already backed by LUNA and BTC. AVAX is its third form of collateralThe Luna foundation Guard (LFG), a Singaporean non-profit organization that focuses on the development o...
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El_Chap0x

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El_Chap0x

Blockchain enthusiast. Interested in smart contract programming and Gitcoin's quadratic funding of public goods. Rarity Extended fan.

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