US Regulators Approve Winklevoss Twins’ Fiat-Backed Stablecoin Gemini Dollar241.12

New York regulators have given the green light to Tyler and Cameron Winklevoss’ first cryptocurrency, a stablecoin attached to their trading platform Gemini.

As Forbes reports on September 10, the token, the Gemini Dollar, will have the backing of investment bank State Street, which takes custody of the fiat dollars it is backed by.

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