The Gemini Dollar, which launches later today, is backed by the US dollar and uses the Ethereum Blockchain, making the coin stable while having the many decentralized benefits of a cryptocurrency. Ultimately, the Gemini Dollar will be a true, everyday currency, making it an actual usable tender and not something a consumer would like to store, which is unlike Bitcoin and Ethereum as they are both seen as store of value similar to gold.
Oh exactly what we need! This one was missing !!!
Another token, backed by somebody with promises it will be worth 1$ (until they go bankrupt), using a chain that is clogged by kitties
And I thought there couldn't be anything worse than Tether....now we have it.
What decentralized benefits are you speaking of?
Who cares? It's a crypto so it is decentralized and free...unless it isn't.
People will buy and applaud cryptos issued and controlled by Mugabe nowadays.