The Winklevoss twins, on their official Twitter page, unveiled a regulated stablecoin dubbed "Gemini Dollar," today built on the Ethereum platform with the ERC-20 standard.
The Winklevoss twins stated:
“We are excited to bring the Gemini dollar to market and provide a crucial link between the traditional banking system and the new, rapidly growing crypto economy. With the Gemini dollar, we continue to deliver on our mission — to build the future of money — and help transform the global financial system to enable possibilities previously unimaginable.”
Gemini Dollar has been approved by the New York Department of Financial Services. It is set to be launched next week across multiple exchanges.