Gemini and Paxos announced regulated dollar-backed stablecoins last week. You might be thinking that the industry needs more stablecoins like it needs more Ethereum giveaway twitter scam accounts, but these two projects1 are unique in at least one way: regulatory approval from the New York Department of Financial Services–historically one of the more conservative regulators of crypto businesses.
Use regulated stablecoins, get censorship
Use regulated stablecoins, get censorship
Use regulated stablecoins, get censorship
Gemini and Paxos announced regulated dollar-backed stablecoins last week. You might be thinking that the industry needs more stablecoins like it needs more Ethereum giveaway twitter scam accounts, but these two projects1 are unique in at least one way: regulatory approval from the New York Department of Financial Services–historically one of the more conservative regulators of crypto businesses.