AlphaBeta

GUSD vs USDT - new Gemini dollar offers stablecoin linked to US Dollar

2 posts in this topic

The Gemini exchange has just launched a new stablecoin (GUSD) that promises to provide some competition for Tether (USDT). According to the official blog post:

Quote

Enter the Gemini dollar — a stable value coin (often called a “stablecoin”) that is (i) issued by Gemini, a New York trust company, (ii) strictly pegged 1:1 to the U.S. dollar, and (iii) built on the Ethereum network according to the ERC20 standard for tokens. The Gemini dollar (ticker symbol: GUSD) combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators...

In addition, the company promises a strong auditing program:

Quote

The U.S dollars that correspond to the Gemini dollars issued and in circulation will be held at a bank located in the United States and eligible for FDIC “pass-through” deposit insurance, subject to applicable limitations. In addition, the U.S dollar deposit balance will be examined monthly by an independent registered public accounting firm to verify the 1:1 peg.

This will set them apart from Tether, who have had many controversies recently regarding their auditing practices.

View the whitepaper for Gemini Dollar here: https://gemini.com/dollar/whitepaper

gemini-dollar.thumb.jpeg.1f45e2bd6819db0c51e3193d96594b79.jpeg

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Similar Content

    • By Shohel303
      Do You Know About - https://mining-poolhub.com/home/ref/15289#register
      That's a Great " BTC Minning " Business Platform
      *** Instant Withdrwal ***
      1/ 100% Payment Side 
      2/ you can proved that with small ivestment
      3/ I got my Investment with Profit
      4/ Really Cool site For BTC mining
      5/ 100% Paid Out Guarantee Business Platform
      6/ I can proved That when you will see, Coz I'm Still Work Here
      7/ Minimum Investment 0.0005 BTC = 3.2855960324
      8/ Minimum Withdraw 1$
      9/ I have to Paid From this site
      Note: Really YOu Want Earn Money From Your Investment, 
      Just Try One Best- https://mining-poolhub.com/home/ref/15289#register





    • By Deeky
      Paying since 125 days ago
      Free !!
      https://fastcoins.cash/site/partner/24839
      Last withdrew

    • By Deeky
      Free 100 ghs for sign up, and get bonus 500 MHS every hour !!

      Min deposit only 10 GHS / 0.1 USD, 37 doge !!

      Min withdrawal 1 USD, 300 dogecoin. Nice project !!
      https://forkmine.com/?ref=9437362217
       
    • By Deeky
      Get free 100 ghs, everyday your power increase :
      Profit 1st day 0.2%, 2nd day 0.4, 3rd day 0.6 and so on !! Paying and instant payment !!

      Link lucky mining
      https://seeneve.cc/?ref=Deeky 
      Join hurry up free!! 
      Happy earning  
    • By AlphaBeta
      The Republic of the Marshall Islands is planning a national cryptocurrency named 'The Sovereign', to be released later this year. The Marshall Islands currently uses the US Dollar as their national currency, but the parliament just recently voted to introduce this new cryptocurrency (SOV) as legal tender in the country.
      As described in the SOV media kit:
      This comes at the same time as Venezuela just launched their own currency, the Petro.
      More and more countries are now adopting or considering cryptocurrencies as legal tender, which further legitimizes the role of currencies such as Bitcoin and Ethereum in the global economy.

  • Chatbox

    Load More
    You don't have permission to chat.