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USD founder came out aggressive, aiming to seize USDC's market share, do what USDC is doing, do what USDC cannot do. USDC founder then responded, roughly meaning: we are still continuing to optimize, iterate, and improve various ecosystems.
It feels a bit like falling into a self-proving trap, so the stock price dropped another 10%, ba. It's like a roast chicken seller, a competing store opened across the street, shouting we will do what you can do, we give scallions with roast chicken.