TechFlow News — According to its official Twitter, Nirvana, an algorithmic stablecoin project in the Solana ecosystem, announced that it has fully replaced UST with USDC in its platform's AMM. The core team purchased ANA using USDC (depositing USDC into the AMM), then converted ANA into UST (withdrawing UST from the AMM). This process had no impact on the prices of ANA or NIRV. The team absorbed all transaction losses.
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