“Raising a BTC reserve is a smart move and may result in lesser fluctuations of UST during future bouts of market volatility,” Matthew Dibb, chief operating officer and co-founder of Stack Funds, said. “Ideally, LFG would take steps to keep the reserve 100% on-chain for transparency rather than through centralized means, however, the price action of Luna since the announcement has been largely promising in restoring confidence to the Terra ecosystem.”
Source: https://www.coindesk.com/markets/2022/02/23/terras-luna-jumps-15-as-ust-stablecoin-gets-1b-bitcoin-reserve/?utm_medium=referral&utm_source=rss&utm_campaign=headlines