OTC traders tell CoinDesk that crypto exchange Gemini is limiting access to redemptions of its GUSD stablecoin.
The Bibox exchange dominates trading in the Gemini Dollar, the Winklevoss twins' month-old stablecoin. Its volume surged when tether's peg broke.
Payments startup Flexa has released a crypto wallet called SPEDN to help brick-and-mortar retailers accept cryptocurrencies.
Buying bitcoin may be cheaper using a stablecoin the market has greater confidence in, like the Gemini dollar, than with an alternative like USDT.
The Gemini dollar has broken its peg, climbing to an all-time high of $1.19 on Tuesday.