It was recently announced that the Luna Foundation Guard stablecoin.
The actions of the address – such as purchases or transfers – can be viewed using a block explorer or a full node.
Given there is more than $20 billion of bitcoin trading volume each day and that LFG has made most of its purchases in ~$125 million lots, it won’t have any issues filling its purchase orders.
A dollar stablecoin with provable reserves might be seen by some analysts as an improvement on the current collateralized stablecoins where users need to trust, rather than verify, assets in reserve.
Stablecoin trading pairs – say, UST for ether – make up a significant majority of crypto trading volume and, beyond that, they have potential payment use cases.
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