Luna Basis Guard (LFG), the non-profit group conserving Terra’s bitcoin reserves, showed on Monday morning that it had bought over 80,000 BTC during the last week to obtain TerraUSD (UST) in an try to protect its crumbling U.S. dollar peg.

“In step with its non-profit venture & focal point at the well being of the Terra ecosystem, starting on Would possibly 8, when the cost of $UST started to drop considerably under one greenback, the Basis started changing this reserve to $UST,” LFG mentioned in a Twitter thread.

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