<p><span style="font-weight: 400;">Beginning Friday, crypto exchange Gemini will support three new digital currencies: Chainlink, Orchid and the stablecoin Dai.</span></p> <p><span style="font-weight: 400;">Gemini already offers trading and custody support for bitcoin, ether, and bitcoin cash, litecoin, and Zcash. The addition of Dai represents the exchange's first listing of a stablecoin. </span></p> <p><span style="font-weight: 400;">Earlier this week, the exchange <a href="https://www.theblockcrypto.com/linked/61020/gemini-is-adding-support-for-brave-browsers-bat-token">announced</a> its plan to bring Brave browser's BAT token onto its platform. Users will be able to deposit BAT into their accounts starting April 24, with trading support coming soon after.</span></p> <p><span style="font-weight: 400;">On Thursday, Gemini </span><a href="https://gemini.com/blog/chainlink-dai-and-orchid-support-coming-soon"><span style="font-weight: 400;">disclosed</span></a> that d<span style="font-weight: 400;">eposits of the three coins will be enabled on Friday, April 24, and trading will open "shortly thereafter," according to the announcement.</span></p> <p><span style="font-weight: 400;">"These assets will provide our customers with a new way to interact with the crypto ecosystem," the exchange said in its statement.</span></p> <p><span style="font-weight: 400;">With Dai, for example, users will be able to deposit any supported ERC20 tokens including ETH into Maker’s platform, borrow out the token at 66% of the deposit value to trade on Gemini, and pay a stability fee upon returning the asset. </span></p> <p><span style="font-weight: 400;">Dai has seen considerable growth during the first quarter of the year. According to recent research by The Block, in Q1 2020, the transaction volume for stablecoins </span><a href="https://www.theblockcrypto.com/linked/60216/stablecoins-saw-record-transaction-volumes-of-over-90-billion-in-2020s-first-quarter"><span style="font-weight: 400;">increased </span></a><span style="font-weight: 400;">by 8% from the previous quarter and surpassed $90 billion for the first time ever. </span></p> <p><strong><em>Editor's Note:</em></strong><em> This report has been updated to clarify that the listings will go ahead on Friday, April 24.</em></p>