The Winklevoss twins have just launched a stable coin on their Gemini platform. It is the first of such products to receive approval from a financial regulator.
Tyler and Cameron Winklevoss continue to champion the cause of cryptocurrency, despite the declines in prices and public interest so far in 2018. Their latest product is a stable coin, which aims to represent the value of the U.S. dollar. To achieve this, each unit of the currency will be backed by money deposited in the State Street bank.