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RE: Finally, There's Competition For Tether: GUSD, Or Gemini US Dollar, Just Launched On Ethereum By Winklevoss Brothers

in #bitcoin7 years ago

thanku so much sir for telling us about tether like u said first we need to buy tether if we want to buy bitcoin and every major crypto exchange currency is using tether for pair program

For those of you not knowing what Tether is, well, it's a hard pegged crypto-currency which aims to be a "stablecoin" (like SBD on the STEEM blockchain). Instead of buying Bitcoin directly with USD, you first buy Tether with USD and then buy Bitcoin with Tether. All major crypto exchanges are using Tether-based trading pairs.

great for our knowledge and yeah it wasnt that much stable thats the reason of declining it ..
.. great news about GUsd gemini

Well, those days are over, because as of yesterday, there is a new "stablecoin" in town: GUSD. It literally means "Gemini US Dollar" and it was issued by the Winklevoss' brothers Gemini exchange. It's an ERC20 token - meaning it lives on the Ethereum blockchain - and, most importantly, seems to be properly audited.

now more stable coins erc20 tokens will come for sure in future

Sir you are awesome informative senior here @dragosroua lots of love for you 😍😍