EXMO exchange announced the listing of Gemini Dollar
Cryptocurrency exchange EXMO announced the addition of the listing of Gemini stablon Dollar (GUDS). The release is scheduled for this week.
Fantastic News: Gemini Dollar is Soon on EXMO! ?
Read more: https://t.co/56GJvv85lL pic.twitter.com/2gABdCjVPp
— EXMO (@Exmo_Com) October 8, 2018
Gemini Dollar is first adjustable digital token, fully backed by US dollars, which is intended for transmission in an open and decentralized manner, as cryptocurrency.
Token GUDS created on the Ethereum blockchain. He was released by Gemini Trust, owned by the Winklevoss brothers, in September.
Turnover GUSD will be regulated by the Department of financial services of new York (NYDFS) and the us dollar deposits can be insured in accordance with the rules of the Federal Deposit insurance Corporation (FDIC).
“The team EXMO supports the main idea at the basis of the Dollar, Gemini – the possibility to combine credit quality and price stability of the us dollar with blockchain technology,” said CEO EXMO Sergey Zhdanov.