Terraform Labs, which runs the Terra blockchain and UST stablecoin, gifts 10M LUNA tokens, worth ~$880M, to the Luna Foundation Guard, likely to underpin UST (Vishal Chawla/The Block)

Vishal Chawla / The Block:
Terraform Labs, which runs the Terra blockchain and UST stablecoin, gifts 10M LUNA tokens, worth ~$880M, to the Luna Foundation Guard, likely to underpin UST  —  Quick Take  — Terraform Labs said it ‘gifted’ 10 million ($880 million) worth of LUNA tokens to Luna Foundation Guard.