By listing Gemini token Serenity team aims to provide clients with an alternative of the first stablecoin tether (USDT) listed on the exchange. Thus, traders can keep their savings in two stablecoins diversifying risks.
Gemini dollar (GUSD) issued by Gemini Trust Company LLC is built on the Ethereum network according to ERC20 standards. The cryptocurrency is backed with traditional fiat USD held at State Street Bank and Trust Company.
This is a unique stablecoin, as the U.S. dollar deposit balance is examined monthly by the U.S. largest California-based accounting and consulting firm BPM in order to verify availability of the required amount of dollars on the accounts in the ratio of 1:1 according to the volume of GUSD issued.
Now there are 14 crypto pairs available for trading on Serenity Exchange. The team intends to continue selecting and listing coins with high potential and large community in order to increase customers’ activity and improve a trade turnover.
Serenity Exchange was successfully released in May 2019, and it has been rapidly developing, increasing the trading potential and expanding the community. One of its most competitive advantages for traders is the liquidity of large markets available which guarantees a genuine volume for customers.
To start trading on Serenity Exchange one just needs to create an account and make a deposit.