GAM Holdings denied information about the company's participation in the rescue of USTAsset manager GAM Holdings has denied information that he is negotiating with Terraform Labs to allocate funds to support the algorithmic UST stablecoin.
"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 said on its official website.
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 US dollar.
