Gemini’s New USD Cryptocurrency Stablecoin: A Whitepaper
Deep Dive
The Gemini cryptocurrency exchange, founded by the Winklevoss twins, announced on Monday that the company has launched a stablecoin built on the ERC-20 standard. Named “Gemini Dollar” (GUSD) the coin’s value will be “strictly pegged 1:1 to the U.S. dollar,” according to the whitepaper. Of course, many stablecoins exist that are pegged to USD, such
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