The Luna foundation Guard (LFG) hosted one of the biggest private token sales in the crypto world, raising $1 billion from several VC companies to create a UST stabilization fund.
The reserve, that will be stored in the form of
, will be used by the foundation in times when the natural stability mechanisms of the token fail due to extreme market conditions, such as caused by a hypothetical bank run on the native coins of the Terra ecosystem.that the Luna Foundation Guard has plans to scale this decentralized reserve to even larger numbers in the future.As these events unfold, the market cap of UST keeps growing.
The second most-valuable decentralized stablecoin by market cap, the ethereum-based DAI, has a current
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