The Winklevoss-backed Gemini Dollar on Liquid Exchange


The Liquid cryptocurrency exchange will list the Winklevoss-backed Gemini Dollar or GUSD.

In September 2018, the Winklevoss brothers introduced the Gemini Dollar (GUSD), a stablecoin pegged to the US dollar and regulated by the US government. US dollars can be converted to GUSD through the twins’ platform Gemini exchange, and from there transferred to an Ethereum account. The GUSD became the very first regulated government-backed digital coin.

Two months later, the Gemini dollar is picked up by the Japanese-based Liquid crypto exchange. Liquid is basically one of the biggest fiat cryptocurrency exchanges by trading volume.

The CEO of Liquid commented on the partnership stating that it is transparency and regulation that come first for both Liquid and Gemini, hence the partnership.

The first trading pairs against the GUSD will be Ethereum and Bitcoin, with plans to expand the trading pairs in due course.

Liquid is owned by the Japanese company Quoine, which has an official permit for operations by the Japanese Financial Services Agency. The partnership gives the Gemini dollar a huge exposure and opportunity to boost its volume, especially considering the trading volume managed by Liquid and its stable position within the Japanese FSA.

 

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The Winklevoss-backed Gemini Dollar on Liquid Exchange

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