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Monday, April 25, 2022

Bitcoin as Reserve Currency

Implications of this?

Cryptoverse: 10 billion reasons bitcoin could become a reserve currency   By Lisa Pauline Mattackal and Medha Singh

April 12 (Reuters) - A crypto platform's pledge to amass $10 billion worth of bitcoin to back its own "stablecoin" is firing up the market. It's part of a wider movement to crown bitcoin as the reserve currency of a new age.

Seoul-based Terraform Labs has so far built up nearly 40,000 bitcoin worth $1.7 billion in a series of purchases via a non-profit affiliate, Luna Foundation Guard, according to publicly available blockchain data.  .... ' 

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