Most know of the Winklevoss twins as it relates to their attempts to get a bitcoin ETF approved.
Unfortunately, that ETF has been rejected twice now, most recently in July.
But they did get something approved yesterday, more on that in a moment.
The Winklevoss Twins are famous for accusing Mark Zuckerberg for stealing their ConnectU idea and turning it into Facebook.
Fortunatley they were able to score $65 million from Facebook and smart enough to invest $11 million into bitcoin.
Now they’re bitcoin billionaires.
In 2015 they launched the Gemini Exchange.
And just yesterday they launched the Gemini Dollar.
It’s the world’s first regulated stablecoin.
The stablecoin was approved by the New York State Department of Financial Services (NYDFS), is fully backed by US dollars, and undergoes regular audits.
It’s an ERC20 token so now you can store a dollar stablecoin in your Myetherwallet.
What do you think of the Gemini Dollar?
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