Breaking: Winklevoss’ Gemini Launches U.S. Dollar-Pegged Cryptocurrency

[Globalbitcoinl]

is this product already launched or is it just a PR company to promote their names? there have been a lot of such news

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[CP_Processor]

How to buy Gemini Dollar, where to trade it, what is its market cap, how many addresses hold GUSD and much more in this review of stablecoin Gemini Dollar (GUSD) - https://medium.com/cp-processor/stable-coin-review-gemini-dollar-gusd-7f3ad1ac18d4

[Burogh]

I think more US Dollar pegged cryptocurrency will good for market. It will give more choice for investor when using USD pegged cryptocurrency. Beside that, supply dollar in market will rising and hopely more investor will buying cryptocurrency. I am believe it will help market to recovery more faster

[upsidedown75]

is this product already launched or is it just a PR company to promote their names? there have been a lot of such news

Seriously this is just a way of getting funds by them obviously. They will definitely sell the GUSD they own with the money they have and back it up which is what it suppose to be but when they sell it someone else will pay regular fiat for it and they will take out their own money and put the customers money there. So if they put up 50 million dollars and create 50 million GUSD than when people invest 50 million dollar worth of fiat into it they will take out their own 50 million and put others money there.

Hence creating a great funding system for it. This tether system really needs to stop otherwise we are going to just make people rich with it and they can just put it on a savings account and live amazingly with just that money. It doesn't really work neither it is totally useless just use regulate fiat instead of a dollar-pegged token for it.

[Indamuck]

I think more US Dollar pegged cryptocurrency will good for market. It will give more choice for investor when using USD pegged cryptocurrency. Beside that, supply dollar in market will rising and hopely more investor will buying cryptocurrency. I am believe it will help market to recovery more faster

Bitcoin started as a way to break off from the fiat system and not be associated with government dollars.  Now we have all these cryptos pegged to the USD, we really have come full circle

Winklevoss twins have undoubtedly made a lot of smart financial moves and will probably be billionaires within the next ten years.

[Sama517]

I believe just like Tether USDT, this Gemini is also going to be a very stable coin. But since the price will always be $1, it means there is no profit investing in it.

[snipie]

I believe just like Tether USDT, this Gemini is also going to be a very stable coin. But since the price will always be $1, it means there is no profit investing in it.

You will not get any special thing from keeping a stable coin for sure. It is used as gold or a property, you keep it until you find a good price or deal to sell it.

[Menawi12]

More stable coin pegged US dollar created and i think it will flooding market will US Dollar. i hope this will make cryptocurrency price increasing because more stable coin, its mean more supply for US Dollar