Gemini Dollar (GUSD) Stablecoin Integrated on Wanchain for Cross-Chain Capability

  • Gemini, based in New York City, is a company that Tyler and Cameron Winklevoss founded in 2014 focused on a simple yet bold mission: to build a bridge to the future of money. In September 2018, Gemini launched its own stablecoin called Gemini dollar (GUSD), which is a fiat-backed, regulated, stable cryptocurrency pegged to the value of $1 USD. Today, Wanchain welcomes Gemini to our community and platform, as we have integrated the GUSD as our next ERC20 integration (live on mainnet). We are excited to aid in Gemini’s mission by building additional bridges for the Gemini dollar to the Bitcoin blockchain and several more this year and beyond. The future of money requires a bridge to the traditional world, but also many bridges within the blockchain ecosystem. This is where Wanchain excels.

    What is GUSD?

    The Gemini dollar is the world’s first regulated stablecoin. Gemini dollar, an Ethereum-based ERC20 token, combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators. Read Gemini’s White Paper to Learn More.

    GUSD on Wanchain

    Gemini dollar seeks to help users send and receive U.S. dollars like email. Gemini Dollars can be used by exchanges to list US Dollar trading pairs, by traders for quickly moving US dollars, and by developers for integrating the stable cryptocurrency into decentralized applications. Wanchain will enable the Gemini dollar to expand its reach outside of the Ethereum ecosystem for all of these use cases. For example, a decentralized exchange based on Wanchain will be able to offer GUSD/Bitcoin trading pairs in a decentralized manner (similar to MakerDAO’s Dai on Wanchain). Similarly, GUSD will gain the ability to be integrated into decentralized applications that reach multiple blockchains, not just Ethereum.

    What is Wanchain?

    Wanchain, which launched in January 2018, is a blockchain platform that connects isolated blockchain networks to enable decentralized transactions between them. Wanchain recently launched Wanchain 3.0, the third major product release in our first year as a company. Wanchain 3.0 bridges the Ethereum blockchain to Bitcoin, along with several ERC20 tokens (Dai, MKR, LINK, LRC, among others). In 2019, Wanchain will deliver several new blockchain integrations, new ERC20 integrations, our own Proof of Stake solution, at least one enterprise blockchain integration.

    About Wanchain

    Wanchain is a blockchain platform that connects isolated blockchain networks to enable decentralized transactions between them. Wanchain’s economic infrastructure enables cross-chain financial capability for distributed applications. Wanchain currently enables cross-chain transactions with Ethereum, Bitcoin, and ERC20 tokens. Going forward, we will continue to bridge blockchains and bring cross-chain finance functionality to companies in the industry. Wanchain has employees globally with offices in Beijing (China), Austin (USA), London (UK), Paris (France), and Madrid (Spain).

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