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Gemini is partnering with Harbor, an all-in-one platform for tokenized securities offerings, to allow users to invest in deals using Gemini dollars (GUSD) and receive any future distributions or dividends of such deals in GUSD.

Gemini is acquiring Blockrize and launching a credit card based on Blockrize's work. The Gemini Credit Card will be available in the U.S. Customers will earn up to 3% in crypto-asset rewards deposited into the user's Gemini account. BlockFi already announced its own card in December 2020, but hasn't yet to launched it. BlockFi promises 1.5% rewards on fiat purchases. There's a $200 annual fee but users gets $250 back if they spend at least $3,000 with the card in the first three months.

U.S.-based Gemini crypto exchange plans to open an offshore derivatives platform, joining other U.S. trading platforms like Coinbase in looking abroad, as the U.S. regulatory environment gets tougher. The first product at the new Gemini Foundation division will be a perpetual bitcoin (BTC) contract denominated in Gemini dollars (GUSD), followed by a perpetual ether (ETH) contract also linked to GUSD.

Gemini launched Gemini Clearing that will allow OTC trading for its users. The new service will be accessible by everyone both retail traders as well as institutional investors.

The circulating supply of the Winklevoss twins' stablecoin Gemini Dollar (GUSD) is plummeting. From a peak market capitalization of more than $100 million in December of 2018, the coin recently hit new lows of $10 million. https://www.cryptopolitan.com/gemini-dollar-down-88-percent-in-market-cap/

Circle announced that it will be offering investors the opportunity to deposit USDC and earn as much as 7% annually through high-yield accounts with locked-in terms ranging from one month to a year. The interest is paid out in USDC, generated by Circle lending the digital dollars to a network of institutional investors that are willing to pay an interest rate for access to additional capital. The service will launch imminently in the U.S. and Switzerland. The Gemini exchange offers a similar scheme called "Gemini Earn" based on Gemini Dollars (GUSD) that promises returns of up to 7.4% annually.

Mastercard and U.S. crypto-asset exchange Gemini will launch the first credit card that gives users digital currency rewards on purchases this summer. Users of the no-fee card will receive up to 3% in bitcoin or other crypto-assets on their purchases, with the digital currency deposited in the cardholder's Gemini account. The card will be issued by WebBank, a Utah-based digital lender.

Gemini Trust Company, a regulated custodian overseen by the New York Department of Financial Services (NYDFS), now offers "Gemini Custody," a platform which would enable clients to trade assets instantly by offering them credits.

Crypto exchange Gemini has launched a new interest-earning program called Earn. The highest yield (7.4%) is only available on Filecoin but for the rest of the supported coins, the interest rate ranges from 1.54% to 5.83%. The most popular cryptocurrencies, bitcoin and ethereum, each yield 3.05%. Loans made through the program are unsecured so depositors have exposure to borrower credit risk. Borrowers are not required to post collateral to the depositor or to Gemini. There is a high demand for crypto among the institutional borrowers that Geminii claims to vet, who use it to fund their operations and investment strategies.

Cryptocurrency trading platform and custodian Gemini Trust Company announced Thursday that it has launched its own in-house insurance unit to protect client's funds against loss. Dubbed Nakmoto, the unit is a captive insurance company licensed by the Bermuda Monetary Authority. The subsidiary covers losses up to $200 million for customers of the firm's Gemini Custody solution, which is an offline cryptocurrency cold storage service.

The plummet in Gemini Dollar market cap started some time ago...

Gemini Trust Company has more than $10 billion in total crypto under custody. Customers include BlockFi, CoinList, CI Global Asset Management, Eaglebrook Advisors, WealthSimple, and 3iQ Digital Asset Management.

Gemini Trust purchased about $4 million in credits to help offset the carbon emissions footprint of the Bitcoin it holds in custody. The firm made a donation in that amount to Climate Vault. The nonprofit purchased the permits, which will prevent more than 341,000 metric tons of carbon from entering the atmosphere. Gemini plans to continue to offset its carbon footprint until only renewable energy is used in securing the Bitcoin network.

Paxos Trust lawyer and chief compliance officer Dan Burstein claims that Tether's USDT and Circle's USDC are unregulated "stablecoins" in name only. Paxo-issued Paxos Standard (PAX) and Binance Dollar (BUSD) are approved and regulated by the New York State Department of Financial Services (NYDFS). That means each token is backed by reserves in the safest instruments, such as bank deposits insured by the US Federal Deposit Insurance Corporation or short-term maturity US Treasuries. Gemini Dollars (GUSD) issued by Gemini Trust Company, are similarly NYDFS regulated

Maker (MKR) holders have voted to prioritize adding Gemini USD, Binance USD, and several other tokens as collateral assets to the Maker DAO protocol so those tokens can be used to generate DAI stablecoins. As a result, Maker "Domain Teams"-elected community members-will analyze these tokens and determine whether or not the protocol can handle them before the community takes a final vote to accept or reject them as collateral assets.

Gemini is joining forces with Flexa, a platform that enables shoppers to spend bitcoin, ether, Bitcoin Cash, and Gemini dollars at major retailers across the U.S.

Gemini Trust Co., the custodial arm of the twins' crypto exchange, said it will allow users to instantly access funds equal to the amount of coins kept off-line, or cold storage.

Paxos Trust lawyer and chief compliance officer Dan Burstein claims that Tether's USDT and Circle's USDC are unregulated "stablecoins" in name only. Paxo-issued Paxos Standard (PAX) and Binance Dollar (BUSD) are approved and regulated by the New York State Department of Financial Services (NYDFS). That means each token is backed by reserves in the safest instruments, such as bank deposits insured by the US Federal Deposit Insurance Corporation or short-term maturity US Treasuries. Gemini Dollars (GUSD) issued by Gemini Trust Company, are similarly NYDFS regulated.

State Street is partnering with crypto exchange and custodian Gemini Trust on a pilot that examines reporting scenarios for digital assets. The trial will track a reporting process for bitcoin and ether that are held for a user in Gemini's custody service.

Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has created its own insurance company to protect clients against the potential loss of coins from its offline vaults - with a possibly record-breaking $200 million coverage limit.