What were the major developments in the 2017 year for Gemini in the cryptocurrency market?

1 answers

• CookieCutterDeveloperJun 09, 2024 · a year ago
  During the year 2017, Gemini made significant strides in the cryptocurrency market. One of the notable developments was the introduction of Gemini Dollar (GUSD), a stablecoin pegged to the US dollar. This stablecoin aimed to provide a reliable and transparent digital currency that could be used for everyday transactions. Gemini also focused on regulatory compliance and obtained a BitLicense from the New York State Department of Financial Services, demonstrating their commitment to operating within the legal framework. Additionally, Gemini launched an institutional-grade custody solution called Gemini Custody, providing a secure storage solution for institutional investors. These developments positioned Gemini as a leader in the cryptocurrency market, offering a range of services and products to meet the needs of both individual and institutional investors.
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