​​BREAKING: The Winklevoss twins launched the World's First Regulated Stablecoin today.

in #daniel • 6 years ago

Gemini Dollar.jpg

​​BREAKING: The Winklevoss twins launched the World's First Regulated Stablecoin today.

Winklevoss twins just announced a stablecoin backed by USD - Gemini Dollar. The Gemini dollar, which will be pegged to the U.S. dollar at 1:1, is set to become the world’s first regulated stablecoin and seeks to allow users to send and receive U.S. dollars on the ethereum network, using ERC20 tokens.

Also, the Ethereum-based token is:

  • Approved by NY Department of Financial Services
  • Dollars held in FDIC-insured State Street account
  • Audited by multiple third-parties at various times

Since, Tether wasn't doing much to help legitimize the crypto asset class, this is going to be one major step towards Crypto adoption. One step at a time indeed.

6 years ago in #daniel by
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     6 years ago 

    @ritttylov, I gave you a vote!
    If you follow me, I will also follow you in return!
    Enjoy some !popcorn courtesy of @nextgencrypto!

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       5 years ago 

      Congratulations @ritttylov! You received a personal award!

      Happy Birthday! - You are on the Steem blockchain for 1 year!

      You can view your badges on your Steem Board and compare to others on the Steem Ranking

      Vote for @Steemitboard as a witness to get one more award and increased upvotes!
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