Gemini DollarGemini Dollar GUSD news

Price, 24h
0.9910 USD / 0.00012370
-0.56% / -0.56%
Volume, 24h
1,171,758 USD
19.18%
Marketcap
22,065,460 / < 0.01%
Emission
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Gemini Exchange’s GUSD And Flexa Partners To Launch “SPEDN” Cryptocurrency Custodial Wallet

Flexa Partners With Gemini Exchange To Launch The “SPEDN” Cryptocurrency Custodial Wallet SPEDN custodial cryptocurrency wallet launches with four cryptocurrencies accepted on the platform. Gemini exchange partners with Flexa to provide payment channels to retail merchants Flexa announces the launch of SPEDN, a cryptocurrency custodial wallet that allows users to make payments across various stores. […]
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Harbor Set to Exclusively Use Gemini Dollar (GUSD)

Gemini and Harbor In a continuing trend, the digital securities sector has continued its adoption, and utilization, of stablecoins. Adding fuel to this trend are now Harbor and Gemini, as this pairing has indicated a new working relationship. This relationship is described as an exclusive one, which will see Gemini Dollar (GUSD) used by Harbor throughout their tokenization platform. Investors and token issuers will now have the ability to utilize GUSD for both funding, and distribution, while benefiting from low levels of volatility. By operating in this fashion, clients making use of GUSD can enter and exit crypto markets with ease, and reduce exposure, not only to volatility, but to fees and long wait times. Commentary Upon releasing this news, the CEO of each, Harbor and Gemini, took the time to express their thoughts on this partnership. The following is what each had to say regarding this development. Josh Stein, CEO of Harbor, stated, “The Gemini dollar is a natural fit for Harbor given Gemini’s regulatory oversight and our shared institutional approach to the digital asset market,” said Josh Stein, CEO of Harbor. “Through integrating with the Gemini dollar, Harbor has created a fully-compliant solution to investing in digital securities offerings and receiving distributions.” Tyler Winklevoss, CEO of Gemini, stated, “Stablecoins like the Gemini dollar bring U.S. dollars onto the blockchain, while Harbor brings private investments onto the blockchain. The combination of the two has the potential to bring unprecedented access, liquidity, and capital formation to private investments and tremendous benefits to investors.” Not So Stable Gemini Dollar, among other stablecoins, stands to benefit greatly from recent events pertaining to the embattled ‘Tether’. Representing the industry’s long-used ‘default’ stablecoin, Tether has recently been found to not have sufficient backing for its assets. With stablecoin touting 1:1 dollar backing for each of their tokens in circulation, it took many by surprise, the extent to which Tether reserves have fallen short. In a recent statement from a lawyer working with Tether, it was found that the company only has roughly 74% backing for its tokens. Stuart Hoegner stated, in the affidavit, “Tether has cash and cash equivalents (short term securities) on hand totaling approximately $2.1 billion, representing approximately 74 percent of the current outstanding tethers.” While clients are ensured that this will not affect them in any negative manner, many are not fully convinced. This development will surely see many Tether users flee, and seek out rival stablecoins such as USDT, GUSD, and others – helping their adoption along the way. Gemini Dollar (GUSD) This popular stablecoin is a product of the Gemini exchange, and its founders Tyler and Cameron Winklevoss. The purpose of this stablecoin is to provide industry participants with a USD substitute, which offers the stability of USD, while benefitting from the inherent traits of blockchain technology. This unique structuring has led stablecoins to be adopted in increasing fashion within the digital securities sector. Harbor Harbor is a United States based company which specializes in the tokenization of assets. Through a versatile technology stack, Harbor is able to help clients throughout the entire process of creating, selling, issuing, and managing digital securities. Company operations are overseen by CEO, Joshua Stein. Harbor is notably backed by investors such as Pantera Capital, Craft Ventures, and more. In Other News Harbor has made our news feed various times in recent months, in both positive and negative light. In addition to their industry contributions, stablecoins have also had an influence on the digital securities sector in recent months. Here are a couple of articles demonstrating each of these points. Harbor Cancels Convexity Properties STO Harbor’s New Platform Allows Issuer to Customize Token Protocols Circle Identifies Stablecoins and Digital Securities as Emerging Trends Will Facebook Launch a Stablecoin? The post Harbor Set to Exclusively Use Gemini Dollar (GUSD) appeared first on .
Securities.io

Harbor Digital Securities Platform Adds Support for the Gemini Dollar Stablecoin

Recently, Harbor announced a partnership with the Gemini Bitcoin trading platform for the listing of the Gemini dollar (GUSD). The Gemini dollar is stablecoin that is pegged to the US dollar in a 1:1 Ratio and is regulated as well. Harbor intends to use it as a means for funding and distributing digital security offerings […]
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Gemini Exchange Bets Higher on Stablecoin ‘Gemini Dollar’ [GUSD] by Signing New Partnership

A Twin-backed digital asset exchange ‘Gemini’ announced its new partnership, aims to add up a new dimension to its stablecoin, Gemini US Dollar [GUSD]. The firm is now joining hands with Harbor, a digital securities platform for tokenized securities offerings. Gemini Exchange to Integrate New Dimension to GUSD Source: Twitter Gemini Trust Company, LLC (Gemini), a New York trust company is the latest to talk about the stablecoin despite the ongoing Tether stablecoin scandal. Tyler Winklevoss, CEO defines the new partnership as follows; In Gemini’s language, Gemini dollar is a regulated stable coin pegged 1:1 to the US dollar. Harbor deals with the digital private securities and with the partnership, it helps investors invest in such securities using Gemini’s Gemini dollar [GUSD] and encourage them to participate in the private capital markets. “The Gemini dollar is a natural fit for Harbor given Gemini’s regulatory oversight and our shared institutional approach to the digital asset market,” said Josh Stein, CEO of Harbor. “Through integrating with the Gemini dollar, Harbor has created a fully-compliant solution to investing in digital securities offerings and receiving distributions.” In a simples term, Harbor brings private investment mechanism to the digital world using blockchain whereas Gemini brigs US dollar on the blockchain via its stablecoin Gemini dollar. Appreciating the partnership, Tyler Winklevoss, CEO of Gemini says that; The combination of the two has the potential to bring unprecedented access, liquidity, and capital formation to private investments and tremendous benefits to investors,” Jumping At Opportunity Source: Twitter It is interesting enough to see major companies attempting to jump at the opportunity– while Tether (USDT) is quietly becoming dreary stablecoin due to the ongoing controversy around Bitfinex and frozen USDT from Tether reserve, companies such as Coinbase and Gemini are on urge to advert other stablecoins such as USDC and GUSD Consequent to that, Coinbase CEO ‘ Brian Armstrong’ took to twitter and excites its followers about USDC while disgracing USDT. What do you think about the trends of stablecoin.? Do you think GUSD is regulated and 1:1 stablecoin.? Let us know in the comment below The post Gemini Exchange Bets Higher on Stablecoin ‘Gemini Dollar’ [GUSD] by Signing New Partnership appeared first on Coingape.
CoinGape

Harbor to use Gemini Dollar (GUSD) for digital securities investments and dividends

CryptoNinjas Harbor, a digital securities platform for compliant fundraising, investor management, and liquidity, today has announced an exclusive partnership with Gemini, a New York trust company and popular bitcoin exchange company, to use the Gemini dollar. Harbor will use Gemini dollar, a regulated stablecoin... Harbor to use Gemini Dollar (GUSD) for digital securities investments and dividends
CryptoNinjas

Chainalysis Supports Real-Time Transaction Monitoring For Four More Coins; BNB, USDT, GUSD And USDC

Chainalysis Adds Support For Real-Time Transaction Monitoring For 4 Cryptocurrencies Chainalysis is a blockchain compliance startup which has recently added real-time transaction monitoring for 4 major cryptocurrencies. The newly added digital assets include Binance Coin (BNB) and three stablecoins – Gemini dollar (GUSD), Tether (USDT) and Circle’s USD Coin (USDC). The new wave of monitoring […]
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Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin

Coinspeaker Mike Novogratz: Facebook’s GlobalCoin Won’t Rival BitcoinMajor Bitcoin bull and former Wall Street exec Mike Novogratz recently discussed the current state of the cryptocurrency industry. The Galaxy Digital CEO explained why he thinks the crypto winter is finally over and why ‘Facebook Coin’ won’t rival Bitcoin.During his interview, Novogratz reminded that everyone had their own version of Bitcoin and the supply exponentially grew. Bitcoin, he thinks, had really established itself as a store value. He said:“This is hard to do because there is just one more stored value of this kind. It’s gold. It is hard to be worth something just because it’s worth something. Almost everything else is different. For example, Uber shares are worth something because people are using it. What Bitcoin has done is a unique thing.”He also referred to Bitcoin’s intrinsic value saying:“You can take all the gold in history that has been mined and put it in three Olympic swimming pools and it’s worth $8,5 trillions. Why? Because it sits in the vaults.”Novogratz went to mention that retailers are buying Bitcoin but also the institutions are moving in. There are Yale, Harvard and Stanford endowments.Microsoft Wanting to Link with Bitcoin Blockchain is a Big ThingThe CEO claims the original Bitcoin boom witnessed around 2016-2017 was influenced by the retail-driven investments by around 98%. This means more companies were buying cryptocurrency at a time when it looked like the future of finance. The recent developments in the crypto world are also affected by ‘credentialing’ according to the CEO especially with the recent move by Microsoft in the industry.“Also, there is Microsoft, one of the biggest companies in the world that says they want to do identify solution by linking it to the Bitcoin blockchain. Now this is big.”Microsoft recently announced their initiation of an identity solution to add to the Bitcoin blockchain. As more investments crowd Bitcoin, its value soars higher as witnessed in the recent spike. Microsoft is not the only big organization enabling the ‘credentialization’ of Bitcoin. Not long ago, Facebook lifted all the bans it had imposed on cryptocurrency and any blockchain-related advertisements.He also mentioned Facebook coin saying that it is really important for the ecosystem.“Crypto is going to be part of Facebook’s future. However, this coin will be listed to some stable currency and will be used for payyments. Bitcoin on the other hand is not going to be the payment currency – it will be stored vault, just like gold. If you really think bitcoin is gonna win this store of value, everything else needs to be used for something.”GlobalCoin Isn’t a Threat to BitcoinAs we’ve already wrote, Facebook’s GlobalCoin will probably be established as a stablecoin, pegged to the dollar or local currencies in the countries that will be allowed to use it. It is also likely to run on a private, centralized blockchain, owned and controlled by the company. Based on this fact, it can not be perceived as a direct competition to Bitcoin or other peer to peer decentralized digital currencies.Other coins that piqued Novogratz’s interest include Ethereum and EOS. These projects have to encourage developers to build on top of their platforms. Just few days ago he was comparing various cryptocurrencies with chemical elements in the periodic table. He then considered the role of altcoins, hinting that each coin will have “to prove themselves out” in order to provide a certain use case.On this note, Novogratz argued out that “there’s no one building anything on the Litecoin blockchain,” as opposed to the Ethereum blockchain.Recently, Novogratz made yet another Bitcoin prediction, claiming that the major cryptocurrency will beat its all-time-high record of $20,000 within the next 18 months.Mike Novogratz: Facebook’s GlobalCoin Won’t Rival Bitcoin
Coinspeaker

Binance Exchange soon To Roll Margin Trading Service For the First Time

An official blog released by Binance exchange confirms the launch of Margin trading service. However, earlier on May 24, 2019, Binance tweeted two screenshots, seeking user’s suggestion on which layout would they be preferred, a white background one and the black background. It was first noticed on Binance’s Twitter handle when a tweet was posted with two different colors included with the tab of Margin. Nonetheless, it was to create the buzz of its upcoming feature but according to TechCrunch, it has already been tested among a few users. As the testing has already been undergone, it is worth to predict that the margin trading option will go live anytime soon. By usage, Margin trading is an option that enables traders to boost up their buying power by using their balances as collateral. However, it wasn’t available at Binance exchange even the binance itself as the largest exchange as well as  the margin trading option carries potential profit margin. It is the first of its kind of Binance to launch margin trading service whereas the other trading platforms including BitMex, Huobi Pro, Poloniex, Coinbaes’s GDAX and Kraken are already serving this service to their customers. Also Read – Binance’s BNB Token Jumps 12% to Hit $34 Following Margin Trade Interface Tease At the moment, Binance is the second largest cryptocurrency exchange in terms of adjusted volume of the last 24 hours. It presently counts the volume of $2,088,850,554. Nonetheless, its native token, Binance Coin (BNB) is soaring a new peak of $33.87 against US Dollar. According to data provided by Coinmarketcap (CMC), BNB is surging with 6.42 percent over the past 24 hours and presently valuing the average trading volume of $4,781,168,385. Image source – Coinmarketcap What’s your take on BNB’s soaring value.? Do you think it will jump higher citing margin trading option by Binance exchange.? Let us know in the comment below Image source – Techcrunch The post Binance Exchange soon To Roll Margin Trading Service For the First Time appeared first on Coingape.
CoinGape

Is Facebook Launching its GlobalCoin Cryptocurrency Next Year? BBC Says Yes

There’s been a lot of information circulating that Facebook is moving into the crypto market. And while some of this information is outright false, other bits are true — at least, that’s what the sources say. Take today, for example. On Friday, BBC said Facebook (NASDAQ:FB) is going to roll out GlobalCoin next year in several countries. Here’s everything we know. Facebook’s GlobalCoin Hitting the Market Soon? According to BBC, a London, UK-based broadcasting company, Facebook is planning to roll out its cryptocurrency “GlobalCoin” in 2020. The online media giant, according to the BBC ... ﾿ Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency News is subject to our Terms Of Use and Disclaimer.
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Facebook’s GlobalCoin Allegedly to be introduced in 2020

The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics According to a report by the BBC, Facebook has serious plans introduce its own crypto currency. The facebook coin, internally referred to as ‘GlobalCoin’ will be introduced in multiple countries in the first quarter of 2020, after extensive testing at the end of this year. The new stablecoin which has been rumored about for a […] The post Facebook’s GlobalCoin Allegedly to be introduced in 2020 written by Wieke Beenen appeared first on Blockchain News - Security and Utility Tokens, Tokenomics, Cryptoeconomics
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