Gemini Lianchuang: GUSD reserve assets are not Gemini's "property", and issues related to Earn will not affect GUSD

Gemini co-founder Tyler Winklevoss stated on the MakerDAO forum that the issues related to Earn will not affect any other Gemini products or services, including GUSD, and that the assets that make up the GUSD reserve are not Gemini’s “property.” ), according to regulatory requirements, the reserves of any New York DFS-regulated stablecoins and issuing entities (such as Gemini) should be separated from proprietary assets and held by custodians or custodians , to protect the interests of stablecoin holders. As such, GUSD reserves are held in accounts separate from Gemini's business, operations and other customer consolidated accounts and there is no redemption risk.