NY Approves Stablecoins Gemini Dollar and Paxos Standard Token

The New York Department of Financial Services (NYDFS) has authorized Gemini Trust Company LLC, the cryptocurrency exchange platform founded by the Winklevoss brothers, and Paxos Trust Company LLC, formerly itBit, to offer a price-stable cryptocurrency pegged to the US dollar. Commonly known as stablecoins, these aim to offer a liquid, digital alternative to cash that’s […]
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