In retrospect this was the beginning of the end
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The @LFG_org closed a $1.5 billion OTC swap of UST <> BTC, with Genesis leading the way.
The Genesis aspect of the deal represents the first of its magnitude, with Genesis Asia Pacific Pte. Ltd. taking on 1 billion UST in exchange for $1 billion worth of BTC. twitter.com/LFG_org/status…