Stablecoins: The Inherent “Trust Crisis” Posed By Asset-Backed Digital Currency

Innovation, Investing, Regulation | October 1, 2018 By:

A controversial code review of Gemini’s new dollar-backed stablecoin, the GUSD, recently made waves across the crypto industry thanks to allegations that the coin effectively allows the Winklevoss twins to “freeze any account or make all tokens non-transferrable”. While these revelations came as a shock to those who had hoped the GUSD would serve as a more trustworthy,