Gemini launches stablon tied to the dollar


Brothers Winklevoss have announced the launch on the stock exchange Gemini stablon tied to the dollar. Gemini Dollar will be under the signature of the GUSD, based on the standard ERC-20, like most digital coins. The Depositary of funds of clients are major American Bank, the Issuer will be the Gemini Trust, according to a press release.

Turnover Gemini Dollar will regulate the new York Department of financial services (NYDFS), and dollar assets will have the opportunity to be insured in accordance with the regulations of the Federal Deposit insurance Corporation (FDIC).

From today the customers of the bitcoin exchange Gemini will be able to convert their dollars to Gemini Dollar and Vice versa. In addition, the exchange’s brothers Winklevoss have a permit that allows work in new York.

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