CEX.IO has at all times stood for revolutionary concepts within the crypto sphere. We welcome any enhancements on the planet of crypto, which is why we’re blissful to introduce assist for Gemini Greenback (GUSD), a stablecoin backed by USD, on CEX.IO.
Verified customers will now be capable of commerce the GUSD/USD and GUSD/EUR pairs for his or her profit.
What's Gemini Greenback?
The Gemini Greenback token is issued by the Gemini Belief Firm, based by Cameron and Tyler Winklevoss. The Winklevoss brothers are the world’s first Bitcoin billionaires. In 2014, they based an internet alternate known as Gemini to make crypto purchases as easy and safe as attainable. As the subsequent step, Gemini determined to construct a robust hyperlink between cryptocurrency and the normal monetary system.
Gemini Greenback as a stablecoin
Gemini Greenback is a token that mixes the soundness of the US greenback with the character of cryptocurrencies. Such tokens are known as stablecoins. They function a hedge in opposition to volatility noticed by cryptocurrencies like Bitcoin and Ethereum. They could be a nice selection for these on the lookout for a golden center between crypto and conventional monetary methods, so that they’ve attracted a lot consideration within the cryptocurrency group.
Constructed as an ERC20 token on the Ethereum community, Gemini Greenback shall be overseen by the New York Division of Monetary Companies (NYDFS). With this regulatory framework and common audits, the token is designed to be reliable.
Utilizing Gemini Greenback
Gemini Greenback generally is a nice selection for transferring cash between exchanges supporting the cryptocurrency. This new coin allows:
- quick transfers in Gemini Greenback between exchanges and wallets;
- excessive belief because of the authorized assist and stability of the coin;
- retaining funds in a secure cryptocurrency backed by the US greenback.
We imagine that including GUSD assist to CEX.IO will offer you new alternatives and enhance your buying and selling expertise.