♊ Gemini announces new dollar pegged stablecoin
Cryptoasset exchange Gemini Trust Company announced a new U.S. dollar pegged cryptocurrency. The Gemini Dollar, which has received approval from the New York Department of Financial Services, will be issued on the Ethereum ($ETH) blockchain and aims to maintain a value equal to one U.S. dollar. Dollars that are deposited as collateral will be held at State Street.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Mentioned Assets