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Published 2 years ago

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks By Cointelegraph

Summary by Ground News
Swiss asset manager GAM Holding said on Friday it is negotiating with Terra developer Terraform Labs to potentially support its UST stablecoin. GAM said it could possibly invest between $2 billion and $3 billion to burn excess supply of UST. The move comes amid reports that Terra was courting private capital help for supporting the UST peg.

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CointelegraphCointelegraph

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

GAM Investments has called fake news on a fabricated announcement claiming it would invest $3 billion to help Luna/UST recovery efforts.

2 years ago
Read Full Article
Investing.comInvesting.com

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks By Cointelegraph

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

2 years ago
Read Full Article
CryptoPanicCryptoPanic

No rescue for Terra: Swiss asset manager denies $3B LUNA/UST bail-out talks

GAM Investments has called fake news on a fabricated announcement claiming it would invest $3 billion to help Luna/UST recovery efforts.

2 years ago
Read Full Article
CryptoPotatoCryptoPotato

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

GAM Holding has emerged as the first global giant to offer its help to Terra and its deteriorating ecosystem.

2 years ago
Read Full Article
CoingapeCoingape

Breaking: Terra In Talks For Bailout With Swiss Asset Manager GAM

Swiss asset manager GAM Holding said on Friday it is negotiating with Terra's lead developer to potentially support the UST stablecoin.

2 years ago
Read Full Article
Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide…Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide…

Swiss Asset Manager GAM Looks Forward To Back Terra’s UST Peg! Will LUNA Reclaim $1?

Terra, which was among the largest cryptocurrencies, has dropped below $1 crashing by almost 99% overnight and this move has wiped out 95% of investors’ wealt

2 years ago
Read Full Article
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