GAM Holdings denied that the company was involved in the UST bailout

Home / GAM Holdings denied that the company was involved in the UST bailout

GAM Holdings denied that the company was involved in the UST bailout

posted on May 14, 2022 by in Blockchain

Asset manager GAM Holdings denied that it is in talks with Terraform Labs to provide funds to support the UST algorithmic steblecoin.
“This story is not true and GAM did not issue a press release. GAM strictly controls the distribution of press releases. We are investigating who issued the statement and how it was published,” the company’s official website said.
Earlier it was reported that the company is ready to allocate $2-$3 billion to absorb the excess supply of UST to restore its peg to the U.S. dollar.

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