The other stablecoin issuer appears to be really annoyed that cryptocurrency enthusiasts would attempt to redeem a stablecoin while defeating AML/KYC policies... those being the only things anyone wants a stablecoin to do.
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tbf gemini didn't invent the idea of selling debt with $1 of par value for something less than $1
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True, but most issuers don’t attach an embedded free put option at par.
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