Gemini's business development head Sarah Olsen explains the significance of stablecoins in new white-paper

Sarah Olsen, head of business development at Gemini, penned an interesting white-paper on stablecoins readers should check out. Olsen, who joined the firm from the Wall Street world in June 2017, outlines the importance of stable coins in the digital asset ecosystem. Notably, Gemini launched its own stablecoin, joining a long-list of firms looking to break into the market. A stablecoin tracks an existing asset, such as USD. 

"If you’re one of the estimated ten million Americans who owns cryptocurrency or who simply follows the evolution of the digital economy, you’ve probably noticed a proliferation of a new kind of digital asset, referred to as a “stablecoin”, entering the market," Olsen wrote. "Avid crypto-traders, trading bitcoin, ether, and countless other cryptocurrencies globally, understand the need for these stable-value digital assets; however, to the average person, a stablecoin may be as foreign as the concept of cryptocurrency itself."

Read the entire post, here. (Source: Gemini)

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Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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