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Huobi and Gemini seek to bridge crypto communities of East and West

Thu, 08 Nov 2018, 06:20 am UTC

Two leading cryptocurrency exchange operators recently met to discuss bridging the gap between the crypto communities of the east and west.

On November 7, Huobi Group CEO Leon Li and COO Robin Zhu met Gemini co-founders Cameron and Tyler Winklevoss in Beijing to discuss stablecoins, building a flatter global economy, and bringing the global crypto community closer.

The meeting followed recent successful collaboration between both the parties. Last month, Huobi Group incorporated Gemini’s recently announced USD-backed stablecoin Gemini Dollar (GUSD) on Huobi Global.

Huobi also incorporated GUSD, as well as Paxos Standard Token (PAX), True USD (TUSD), and USD Coin (USDC) into HUSD, its comprehensive solution that will allow users to switch between different types of stablecoins. In addition, it has added support for GUSD on Huobi Wallet.

Li and Zhu were impressed by GUSD's stability and its advantages as a stablecoin. At the meeting, the parties spoke on how listing GUSD within HUSD allows millions of Huobi Global and Huobi Cloud traders exposure to it.

Li said that Huobi wants to build a bridge between the US and China in the crypto space and expressed his interest in advancing the cooperation between Huobi and Gemini.

"There are a lot of good digital assets and products around the world, especially in America, and we want to bring them to China. We also plan to bring more awareness about Huobi's digital assets and financial services in China to the world," he said.

Cameron and Tyler were keen to discuss Huobi's global strategy and jurisdiction in key markets such as South Korea and Japan. They were also impressed by the Huobi Cloud platform, which allows companies to open their exchanges based on the Huobi's model.

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