Technology

Terraform Labs, which runs the Terra blockchain and UST stablecoin, gifts 10M LUNA tokens, worth ~$880M, to the Luna Foundation Guard, likely to underpin UST (Vishal Chawla/The Block)

Photo of Grace Will Grace Will April 14, 2022
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Vishal Chawla / The Block:

Terraform Labs, which runs the Terra blockchain and UST stablecoin, gifts 10M LUNA tokens, worth ~$880M, to the Luna Foundation Guard, likely to underpin UST  —  Quick Take  — Terraform Labs said it ‘gifted’ 10 million ($880 million) worth of LUNA tokens to Luna Foundation Guard.



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