Terra

The non-profit organization said only 313 BTC are now left on the bitcoin reserves for Terra’s UST stablecoin.

As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency.

The Luna Foundation Guard was forced to send a majority of its holdings to exchanges as it tried to hold the dollar peg for its Terra stablecoin.

As the Terra stablecoin becomes depegged from the U.S. dollar, the biggest buyer of bitcoin in recent months could become its biggest forced seller.

Luna has purchased more than 11,700 bitcoin, worth about $520 million, to build a reserve for its stablecoin UST. But what does that mean exactly?