Luna Foundation Guard Established to Support UST Peg as Stablecoin

The Luna Foundation Guard, recently launched a new decentralized organizationto support the Luna ecosystem. The Luna institution will offer funding in the form of grants to support initiatives built on top of the Luna network. One of its biggest functions will be to establish a “forex reserve” that will aid UST, the companion stablecoin of the Luna ecosystem, to maintain its peg.

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