Terraform Labs’ 12 million LUNA donation will be burnt and minted into $1.2 billion UST. UST is a decentralized stablecoin that is closely associated with the LUNA token. UST supply has gone up by 28% over the past two months. Terraform Labs has announced a donation of 12 million LUNA to the Luna Foundation guard, according to transaction details from Mar. 11. The donation will be burnt and minted into $1.2 billion UST, pushing the reserve value up, according to […]
