Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg

The Luna Foundation Guard (LFG) said Monday that it will lend out hundreds of millions of dollars worth of bitcoin and the stablecoin UST in order to defend the latter’s peg amid a period of market volatility. The post Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg appeared first on The Block.