Kiffmeister’s #Fintech Daily Digest (02/23/2022)*

Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin

The Luna Foundation Guard has raised $1 billion through an over-the-counter sale of LUNA, the native token of the Terra blockchain. Proceeds from the raise, one of the largest in the history of the crypto sector, will go towards establishing a bitcoin-denominated forex reserve for UST, Terra’s algorithmic US dollar-pegged stablecoin. [Read more]

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In Q2 2022, the CBDCTT will launch the OpenCBDC Sandbox for evaluating, studying and learning from the OpenCBDC Boston Fed and the MIT Digital Currency Initiative open source CBDC platform. It will provide easy to use access, with the CBDCTT providing training and all updates. It’s available exclusively to central banks and official institutions. [Read more]