Are stablecoins the future of crypto? Cameron and Tyler Winklevoss, Bitcoin (available on Coinbase) bulls and Gemini Exchange founders, seem to think so. This morning, an interview was published by Fortune where the twins discussed their first marketing campaign for Gemini.
Stablecoins and Gemini
The famous twins feel digital currency has a bright future, but there need to be banking-style regulations in order for investors to trust it.
“The idea is that companies that build on top of things like Bitcoin (available on Coinbase) should have regulation that’s thoughtful and that doesn’t stifle innovation,” said Tyler on Fortune’s‘Balancing the Ledger.’ “People believe in the dream of crypto, they just don’t know how to engage in it without getting burned. We’re here to say Gemini’s a place you can do that.”
The newly launched Gemini campaign encompasses just that and is called ‘Revolution Needs Rules.’ The Winklevoss Twins have the ad spread all across Wall Street and have even purchased a full-page in the New York Times.
Crypto has been in quite the bear market the past year, and the twins believe that stablecoins (digital currencies pegged to a fiat currency) are a bright spot for this downturn. It just so happens that the twins have created their own stablecoin for their platform named the Gemini Dollar, pegged to the US dollar. Stablecoins seem to be the new trend among the crypto community, as crypto’s high volatility seems to be its biggest deterrent.