Terraform Labs to Accumulate $10 Billion in BTC for Reserves

The founder of Terraform Labs and Ethereum competitor Terra (LUNA), Do Kwon, has outlined plans to accumulate $10 billion worth of Bitcoin to add to the project’s stablecoin reserves. The reserves are set to support its UST stablecoin. According to Binance Research, Terra is a Proof of Stake (PoS) blockchain. They also say that LUNA is “used in the issuance […]