Gemini Dollar is a regulated stable coin. Gemini Dollar developers especially emphasize the transparency and manageability of this cryptocurrency, since it is under the supervision of the New York State Department of Financial Services (NYDFS) and is subject to US laws and regulations. The dollars that are attached to the coin are stored in a special bank account of the American holding company State Street Corporation, in addition, the account where the dollars are stored is insured with the Federal Deposit Insurance Corporation (FDIC).

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Gemini Dollar

1/6 We are aware that Genesis Global Capital, LLC (Genesis) — the lending partner of the Earn program — has paused withdrawals and will not be able to meet customer redemptions within the service-level agreement (SLA) of 5 business days. https://t.co/9e48pF3Ymn