On October 19, 2018, Gemini, the second largest digital currency exchange in the United States, and CoinBank, the global digital bank, announced a strategic cooperation between the two parties on the Gemini dollar (GUSD). The two sides will work together to explore the future with blockchain technology and digital currency application models in a more open and cooperative manner.
CoinBank is a next-generation digital bank for young people, focusing on the global stable currency eco-construction. Its business scope includes stable digital currency cooperative issuance, compliance exchange docking, and global digital currency transfer payments. At present, CoinBank has cooperated with a number of local banks, payment companies and credit card institutions in the UK, New Zealand and Kyrgyzstan, and plans to use the new model for digital banking services worldwide.
Gemini is the second-largest digital currency exchange in the United States. It was founded by the first bitcoin billionaire Wenkleworth brothers and is currently directly regulated by the New York State Department of Financial Services (NYDFS) and has a license for bitlicense. The Gemini dollar (GUSD) issued by Gemini is anchored with the US dollar through the digital currency issued by the Ethereum blockchain, and is audited by a well-known independent CPA firm, and the review report is published regularly, so it also has The stability of legal assets, and the speed of digital currency transfer and borderless.
This time, Gemini and CoinBank will cooperate on the stable currency GUSD, which will form a good opportunity. The exchanges in the CoinBank ecosystem are spread across many countries around the world. Nearly 30 exchanges have cooperated. The cooperation also includes OTC, asset lock incentives, wealth management stores, etc. This friendly cooperation will help CoinBank expand its global ecology. Scale, establish a global digital banking ecosystem service system, and also deepen the friendly cooperation between Gemini and CoinBank, laying a good foundation for potential cooperation.