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Bibox to be first exchange to list Gemini Dollar ($GUSD)

14 Sep, 2018
by Ryan Boltman
News
Bibox to be first exchange to list Gemini Dollar ($GUSD)

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.'' 

Recap: Winklevoss firm launches new stablecoin, the Gemini dollar (GUSD)

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.

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. 

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Read more about:Bibox Token (BIX)

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