Two Price-Stable Cryptocurrencies Approved by NY Regulator
Gemini Trust Co.'s price-stable cryptocurrency has been approved by New York regulators. Paxos Trust Co. also was approved to offer a 'stablecoin' pegged to the U.S. dollar, the Department of Financial Services announced.
September 11, 2018 at 02:00 AM
5 minute read
The original version of this story was published on New York Law Journal
Digital asset exchange Gemini Trust Co. co-founder and chief executive officer Tyler Winklevoss announced on Monday that its price-stable cryptocurrency has been approved by New York regulators.
Paxos Trust Co. also was approved to offer a “stablecoin” pegged to the U.S. dollar, the Department of Financial Services announced.
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