The Winklevoss stablecoin is one small step toward crypto acceptance

onthehook8 (72)in #dollar • 6 years ago

The new currency by Winklevoss-run Gemini is pegged directly to the US dollar on the Ethereum blockchain. This means that for every Gemini Dollar there is one actual dollar in a bank account.

Good article. Two points stick out to me; 1. With a successful stablecoin I can move US dollars around as easily as crypo that I can get to anytime I want instead of having to rely on banking hours. 2. The Gemini Dollar will be on the ethereum blockchain, maybe something like this can stop the free fall in the ethereum price. Ethereum desperately needs something on its blockchain that is used often.

Read the full story here...
https://techcrunch.com/2018/09/11/the-winklevoss-stablecoin-is-one-small-step-toward-crypto-acceptance/

#ethereum #gemini #blockchain #crypto

6 years ago in #dollar by onthehook8 (72)

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onthehook8 (72) 6 years ago

Ethereum all the way down to $180, ouch

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onthehook8 (72) 6 years ago

Thanks

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You got a 28.60% upvote from @upmewhale courtesy of @onthehook8!

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onthehook8 (72) 6 years ago

Thanks

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You got a 68.63% upvote from @dailyupvotes courtesy of @onthehook8!

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onthehook8 (72) 6 years ago

Thanks

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