Review on Gemini Dollar by Özgün A
Gemini Dollar vs Tether
Gemini Dollar is a stable crypto currency issued by Gemini, which is among the popular cryptocurrency exchanges of the USA. 1 Gemini Dollar is launched to equal 1 USD. It is a situation made not to be affected by price fluctuations.
Gemini secures crypto assets to protect its users. So it covers insurance. The dollar stores its deposits at the State Street Bank, thus securing users' assets. Gemini says Gemini Dollar will rise to Tether levels, but that is of course very difficult. Tether has a very high trading volume and is an incredibly popular cryptocurrency. Gemini Dollar needs to advertise well for it to reach these levels.
Pros
- 1: 1 dollar fixed
- I believe it will improve
- Protected against price fluctuations
Cons
- Tether's presence in the market prevents the development of stable money
