фото показано с : invezz.com

The Terra Luna Foundation has added Avalanche (AVAX) to its UST Reserve. Terra has bought AVAX coins worth $100 million making Avalanche the second Layer 1 digital currency to be added to Terra’s UST Reserve.

Terra Luna Foundation via a tweet:

2/ The @LFG_org’s OTC deal to add $100 million of $AVAX to the $UST Reserve makes AVAX the first major crypto-asset besides $BTC to be added to the UST Reserve, marking the beginning of a diversified and non-correlated asset pool supporting the $UST peg.

The largest digital asset in Terra’s UST Reserve is Bitcoin and the addition of AVAX makes the start of the diversification of digital assets supporting UST stablecoin.

During an interview with Bloomberg, the founder of Terra, Do Kwon, stated that Terra Luna Foundation went for Avalanche and not Ethereum because the former is experiencing rapid growth and it has a vast fan base.

Do Kwon said:

“Avalanche is still a growing ecosystem…a lot of it is fueled by loyalty to the AVAX token and users feel a lot of affinity with an asset that aligns itself with AVAX. Whereas for the average Ethereum user, aligning yourself with Ether doesn’t really mean that much.”

Besides adding Avalanche to its UST Reserve, Terra has also settled on Avalanche for a partnership to create a new gaming subnet that will connect users and developers from the two ecosystems.

Following the partnership, the team at Terra tweeted saying:

“On the heels of the xAnchor implementation on Avalanche, several more Terra-native DeFi protocols are also under consideration for a cross-chain expansion to Avalanche, including some that the #LUNAtics are anxiously awaiting.”

It then added that “Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.”

6/ In particular, Avalanche’s subnets are a powerful method for building the next generation of scalable Web3 applications within niche use cases.

As a result, Terra and Avalanche will be collaborating on a new gaming subnet – with details to be released at a later time.

The post Terra adds Avalanche to its UST Reserve, the two will partner on a new gaming subnet appeared first on Invezz.

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