The digital asset exchange, Gemini is built with the aim of making it safe and easy to buy, sell, and store cryptocurrency. Gemini Exchange announced the addition of a new dimension by partnering with Harbor.
Basically, Harbor is an all-in-one platform for tokenized securities offerings to allow users to invest in deals using Gemini dollars and receive any future distributions or dividends of such deals in Gemini dollars. Also, Gemini exchange is a New York trust company regulated by the New York State Department of Financial Services (NYSDFS).
During the last September, Gemini Exchange announced the launch of Gemini Dollar, which is the world’s first regulated stablecoin. Using this technique, the users will be able to convert U.S. dollars in their Gemini account into Gemini dollars. Also, withdraw them to an Ethereum address as per the specification. Further, the user can automatically convert Gemini dollars into U.S. dollars by depositing them into their Gemini account.
The blog also elaborated further that:
“Gemini dollars bring U.S. dollars onto the blockchain and Harbor brings private investments onto the blockchain. This combination has the potential to bring unprecedented access, liquidity, and capital formation to private investments and investors that was previously not possible before the technological breakthroughs of cryptocurrency.”
Eventually the first critical step of the exchange is to build the future of money. The company also looks forward to work and partner with other companies building who are crypto native solutions.
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