Following the announcement of Gemini launching their own stable coin, known as the Gemini dollar, Bibox exchange will become the first trading platform to add the new stable coin.
The Winklevoss twins announced the new stable coin this month following approval from the NYDFS. The goal of the new stable coin is to bridge the gap between traditional banking and cryptocurrencies.
$GUSD becomes the first regulated stablecoin which will directly compete with $USDT and $TUSD. Tyler Winklevoss stated "I don’t think any of the offerings do adequate job in solving the trust problem.''
The new stable coin has already attracted its first exchange in the form of Top 10 crypto exchange, Bibox Exchange. Bibox will begin trading $GUSD on 16 September 11:00 GMT+8. Bibox will offer trading pairs in $ETH & $BIX with deposits and withdrawals being accepted from today 15:00 GMT+8.
👏Bibox will be the very first exchange to officially list Gemini Dollar(GUSD) and launch GUSD market.— Bibox (@Bibox365) September 14, 2018
👉The deposit and withdrawal of GUSD and GUSD market will open at 15:00 on 09/14/2018 (GMT+8)；The trading pairs ETH/GUSD, BIX/GUSD will open at 11:00 on 09/16/2018(GMT+8).
The $GUSD looks set to become a real competitor in the crypto trading markets with Gemini looking to becoming the leaders in stable coin trading, backed by a regulated asset.