“Raising a BTC reserve is a smart move and may result in lesser fluctuations of UST during future bouts of market volatility,” Matthew Dibb, chief operating officer and co-founder of Stack Funds, said. “Ideally, LFG would take steps to keep the reserve 100% on-chain for transparency rather than through centralized means, however, the price action of Luna since the announcement has been largely promising in restoring confidence to the Terra ecosystem.”
Terra’s LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve
