- The Gemini dollar — the world’s first regulated stablecoin — combines the creditworthiness and price stability of the U.S. - dollar with blockchain technology and the oversight of U.S. - regulators.Get Gemini dollars 1to1 for U.S. - dollars on Gemini.Gemini dollars can be used on the Ethereum network.ISSUERThe Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company.BANKU.S. - dollars that correspond to the Gemini dollars issued and in circulation are held at a U.S. - bank and eligible for FDIC “passthrough” deposit insurance, subject to applicable limitations.EXAMINATIONThe U.S. - dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. - All Independent Accountants’ Reports are published and available here.SECURITY AUDITThe 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, whose report is publicly available here.Gemini was founded four years ago with a mission: build a bridge to the future of money. - Gemini dollar aims to combine creditworthiness and price stability of the U.S. - dollar with blockchain and the oversight of U.S. - regulators, the New York State Department of Financial Service.Gemini dollar is a stable value coin that is:1. - issued by Gemini, a New York trust company2. - strictly #pegged 1:1 to the U.S. - dollar3. - built on Ethereum network according to ERC20 token standardsStarting 10th September 2018, you will be able to convert U.S. - dollars in your Gemini account into Gemini dollars and withdraw them to an Ethereum address. - You will also be able to automatically convert GUSD back as USD into your Gemini account. - GUSD is expected to be listed on Bibox soon..
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