{"id":335674,"date":"2022-05-17T03:44:41","date_gmt":"2022-05-16T22:14:41","guid":{"rendered":"https:\/\/www.www.bullfrag.com\/what-happened-to-terras-bitcoin-reserve\/"},"modified":"2022-05-17T03:44:41","modified_gmt":"2022-05-16T22:14:41","slug":"what-happened-to-terras-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/www.bullfrag.com\/what-happened-to-terras-bitcoin-reserve\/","title":{"rendered":"What Happened to Terra’s Bitcoin Reserve?"},"content":{"rendered":"
The world of finance and markets always has and will have ups and downs, something that will not change in the crypto world either, so it is not surprising that while some crypto assets are on the rise, others are going through a financial downturn.<\/p>\n
This is the case of Terra’s UST stablecoin, which presented great instability last weekend, leading it to lose its parity with the dollar, falling to $0.09 cents, while its LUNA cryptocurrency has fallen to $0.0002 dollars per unit. .<\/p>\n
When the stablecoin started to go downhill, <\/strong>Moon Foundation Guard<\/strong><\/a> (LFG), decided to use $1.5 billion in Bitcoin and UST from the reserves held by the project to boost TerraUSD (UST) back to parity with the US dollar.<\/strong><\/p>\n