The Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and store digital assets, founded in February of 2014. The GUSD is created by the cryptocurrency exchange Gemini.
The company received approval from the New York Department of Financial Services or NYDFS to launch the stablecoin in September of 2018. The Gemini Trust Company holds USD deposits that correspond to the number of tokens that are in circulation.
When it comes to the Gemini Dollar itself, it is an ERC-20 token that is built on the Ethereum network and has smart contracts that are audited by the security company Trail of Bits Inc.
This dollar is intended to bridge the divide between traditional finance and the crypto industry, due to the fact that this specific stablecoin is completely regulated by the NYDFS.
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Latest Gemini Dollar (GUSD) news, we cover Gemini Dollar (GUSD) news and blockchain news. Follow the continued development of Gemini Dollar and the rise of a borderless, permissionless financial system. The evolution of the Gemini Dollar industry, the best ways to invest in Gemini Dollar, and how Gemini Dollar futures impact blockchain adoption. How industry stakeholders will work to make Gemini Dollar a mainstay in people's lives.
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