GUSD doesn't seem to make much sense considering there are already so many stable coins that have approval from New York's financial services. PAXOS is already registered in the state of NY so I don't see why there needs to be two stable coins in the same state. Gemini doesn't even list new currencies So why should they be concerned about launching a stable coin?
Where do I start with GUSD? This coin is amazing because I can transfer from Binance directly to my Gemini account. This make trading from fiat to crypto and vice versa extremely easy. I don't understand how people aren't taking advantage of this shortcut. So much money is wasted in transaction fees from going from one exchange to the other. Most people only move crypto to go from one currency to a fiat currency. GUSD makes this whole process so much more simple.
There are a few of these projects being launched and all have the same goal which is to basically replace tether. All of them say they are backed by real fiat etc but this is crypto and it's like the wild west so who knows if they are or not. I still continue to use tether and whether it is or is not really backed by fiat it is still serving it's purpose for me as of now.
Every similarity between Bitcoin and gold show that Bitcoin might have bottomed and is set for another spectacular rise. On the other hand, many people are lamenting the fall of Bitcoin and...
Square CEO Jack Dorsey wants to hire engineers, and he wants to pay them in Bitcoin and work remotely. These will be full-time positions, and the payment in Bitcoin is optional...
The price movement of many cryptocurrencies in the market right now is encouraging. Some of these coins have passed through their low-level...
The report of the American Analytical Center of the Brookings Institution states that more effective regulation will benefit the cryptocurrency...
The main cryptocurrencies on Friday once again go down, resuming the fall in the framework of the strong downward trend...
According to many experts, the price of Bitcoin is affected by the hashrate, and the increase of this indicator signifies that optimism in the digital currencies market, particularly among miners, not only...
The Gemini dollar is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc., an information security research & development firm. The Gemini dollar — the...