Ethereum update: Gemini dollar – Why?
Twins got approved to launch a stable coin called Gemini Dollar. I read it will be build on Ethereum and it will be just ERC-20 token. Can someone tell me why would we need such “stable token”? Is it just to transfer it (transferring USD fast)? Or will this be used as a payment mechanism = right now merchants are not accepting crypto because of it volatility but with stable coin there will be no problem? Anyway, then I don’t understand how did we benefit? It doesn’t make it any easier for merchant to accept such token than accepting USD, Visa, Mastercard today… Does someone knows?
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: maxitrol
Score: 27
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