The cryptocurrency exchange EXMO has announced the addition of Gemini Dollar (GUDS) to the listing. The release is scheduled for this week.
The Gemini Dollar is the first regulated digital token, fully secured in US dollars, which is designed to transmit in an open and decentralized manner, just like cryptocurrency.
GUDS Token is created on the Ethereum blockchain . It was released by the Gemini Trust, owned by the Winkloss brothers, in September.
The turnover of GUSD will be regulated by the Financial Services Authority of New York (NYDFS), and dollar deposits can be insured in accordance with the rules of the Federal Deposit Insurance Corporation (FDIC).
“The EXMO team supports the main idea behind the Gemini Dollar – the ability to combine credit quality and price stability of the US dollar with blockchain technology ,” said EXMO CEO Sergey Zhdanov.
Recall that in June, EXMO added BitcoinZ (BTCZ) to its listing. This coin is available for trading in pairs with BTC .