The LFG now holds 80,394 bitcoin in its reserves currently worth just under $3 billion using today’s exchange rates.
Terraform Labs Founder Says UST’s Decentralized Forex Reserve Stash Is Aligned With the Bitcoin Standard
Do Kwon, the cofounder and CEO of Terraform Labs told CNBC during the announcement that the pegged currency’s reserves are aligned with the Bitcoin standard. “For the first time, you’re starting to see a pegged currency that is attempting to observe the Bitcoin standard,” Kwon remarked. “It’s making a strong directional bet that keeping a lot of those foreign reserves in the form of a digital native currency is going to be a winning recipe,” the Terraform Labs founder added. The press release further notes that LFG’s purchase was once worth $1.5 billion, but today it’s reduced in value to $1.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
D.C.-area forecast: Warming up to near 80 today with a brief shower or storm possibleCooler with periods of rain are likely Friday into Saturday.
Leer más »
Police are searching for missing 80-year-old woman with dementia in southwest HoustonZoila Lozano White is described as a white, Hispanic woman weighing 115 pounds, 5 feet tall, with brown eyes, and white hair.
Leer más »
One dead after shooting at gas station on Hwy. 80 in Phenix CityOne person is dead after a late Wednesday night shooting on Highway 80 in Phenix City.
Leer más »
California hiker found dead after falling 80 feetThe body of a California man reported missing was recovered in the San Bernardino National Forest, officials said May 2.
Leer más »
Luna Foundation Guard Further Bolsters Stablecoin Reserve by Raising $1.5 Billion in BitcoinThe Luna Foundation Guard has acquired another $1.5 billion in bitcoin for its UST reserve through an OTC sale of luna, its governance token.
Leer más »