Mad Crypto: The stars show Libra is bad news for Gemini dollar

This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis members’ inbox every Monday morning. The post Mad Crypto: Libra was just the cherry on top of this rally appeared first on The Block.·The Block

This post first appeared in Frank Chaparro’s weekly column “Mad Crypto,” which is sent to Genesis subscribers’ inbox every Monday morning.

The Winklevoss twins appeared on CBS Sunday Morning this weekend, days before their arch-rival, Mark Zuckerberg, gears up to announce Facebook’s new cryptocurrency. And with poetic timing, Tyler and Cameron told CBS they aren’t worried about the Libra coin launch. “There’s so much pie to grow. At this point we need to be frenemies,” one of the twins (pretty sure Tyler) said.

Still, there is one major piece of the twins’ crypto empire that the Facebook coin will almost certainly eat into: the Gemini dollar (GUSD).

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