I was not as excited about this until I heard your thoughts as others like True USD (TUSD) have failed to get market share from Tether despite also providing similar concepts to Gemini’s token. However, one great benefit is like Tether, the Gemini Dollar will be controlled by an exchange and that can provide added liquidity as they can launch more trading pairs for the token than others have tried. However, Gemini is quite limited in the assets it lists on its exchanges. Given the regulatory environment, I cannot see them adding many more assets so we may see a delayed use of the Genini Dollar in the meantime.
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