Gemini Launches the Gemini Dollar: U.S. Dollars on the Blockchain
Cameron Winklevoss
3K30

Pros:

  1. A stable option when you want to escape the volatility of the crypto market but don’t want to exit into fiat
  2. Encourages traditionalists to get involved in crypto safely
  3. Cheaper to escape volatility: you can cash out of crypto without having to pay extortionate banking fees
  4. Regarding the Winklevoss coin, it will be regulated and audited by several third-party organizations

Cons:

  1. Not Decentralized: When pegged to fiat it’s still essentially under the control of the central banks
  2. As a result of not being decentralized, it is prone to manipulation
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