Gemini Dollar(GUSD) World Debut on Bibox
In the field of cryptocurrency, the importance of stablecoins is self-evident. It’s the “holy grail of cryptocurrencies” during the market fluctuations. Due to the diversity of global cryptocurrency regulations, the exchange must have its own stable currency trading pair for the long-term development.
On Sep 10th, the Winklevoss twins backed crypto exchange Gemini, announced that it has launched a US dollar backed stable coin hosted on the Ethereum network. Gemini users will be able to convert U.S. dollars in their Gemini account to Gemini dollars and withdraw them to an Ethereum address. Gemini Dollar(GUSD) is strictly pegged 1:1 to the U.S. dollar. The New York Department of Financial Services (NYDFS) will directly supervise the operations of Gemini dollar and be the regulatory authority of the projects.
On Sep 11th, the Winklevoss twins announced that Bibox will be the official exchange to list GUSD. Bibox is the world’s top ten encrypted digital asset exchange which established in 2017. Featuring high security and smooth operations, Bibox has got a lot favor from investors. It’s the first exchange to apply AI technology in the cryptocurrency field, which made tremendous breakthrough in project selection, security and user experience. Bibox also joined forces with Huobi, establishing a new exchange pattern which also being the first in the digital assets industry. In mid-August, Bibox obtained the Swiss VQF license and established a blockchain laboratory- BiboxLab. Now Bibox has expanded its business to more than ten countries including the United States, Canada, Singapore, South Korea, Switzerland, and Estonia, and its trading volume keep ranking among the top ten in the world.
The quickness of Bibox listing GUSD also shows that Bibox leaders have a good vision of the cryptocurrency market. The cooperation between the two exchanges has a breakthrough movement for the development of stable currency transactions. We will stay tuned for something big that is bound to happen on Bibox.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180917005499/en/
Website: https://www.bibox.com
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2018년 11월 30일 16:15