Swiss Asset Manager GAM and Terra Negotiate a $3 Billion Bailout

– Swiss asset manager GAM Holding AG has begun negotiations with Terraform Labs to help support its Luna stablecoin (UST).
– GAM is expected to invest between $2 billion and $3 billion to absorb excess supply of UST during its current selloff.
– The interest in supporting UST reflects the interest in supporting a vibrant, innovative, and resilient crypto market.
– Terra’s ecosystem and UST’s algorithmic approach to valuation are both believed in.

 

 

GAM Swiss Asset Manager GAM and Terra Negotiate a $3 Billion Bailout
Swiss Asset Manager GAM and Terra Negotiate a $3 Billion Bailout 2

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