Luna Foundation Guard's Reserve Balance Declines to Zero to Defend UST Peg

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.LFG_Reserve balance has declined from 80,394 bitcoin to zero, as the majority has been deposited onto Gemini, according to glassnode. Watch Chart of the Day, presented by cryptocom:

Luna Foundation Guard has moved all of its reserves to bitcoin exchanges to defend its UST stablecoin’s 1:1 dollar peg.

LFG’s reserve balance has declined from 80,394 BTC to zero, and the majority has been deposited onto the Gemini exchange. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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