The Gemini dollar has been built on the Ethereum network. According to CNBC, the pair are hoping that the new coin will help to bridge the gap between digital assets and traditional banking. It will allow users to convert U.S. dollars to the new Gemini dollars in order to move value quickly, and transparency around the world. Tyler Winklevoss spoke to the publication in a telephone interview:

“It is really a matter of bringing your U.S. dollars on to the blockchain and making them borderless 24/7.”

Source: Winklevoss Twins Launch Stable Coin, Receive Green Light from Regulator | NewsBTC, Rick D. | September 10, 2018