GAM Holding has denied it is in negotiations with Terraform Labs to support the Luna stablecoin.
Late yesterday evening (12/05/2022), reports emerged that GAM was expected to invest between $2 billion and $3 billion to absorb excess supply of UST – the stablecoin - during its current selloff.
However, the press release that contained this information was a fake. GAM stressed: “There is no truth in the story and GAM did not issue a press release.
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