The Litecoin Foundation, the team responsible for Litecoin (LTC), announced this week that it will be listed onĀ Gemini, the cryptocurrency exchange founded by the Winklevoss twins.

According to the announcement, which came during the recent Litecocin Summit, LTC will be listed for trading on the exchange on October 13. Gemini currently offers direct U.S. dollar fiat trading pairs for Bitcoin (BTC), Ethereum (ETH) and Zcash (ZEC), in addition to licensed custodianĀ services.

This news came just days after Gemini announced that it has launched theĀ Gemini dollarĀ (GUSD), aĀ new stablecoinĀ pegged to the U.S. dollar.Ā The company notes that each Gemini dollar corresponds to a U.S. dollar that isĀ held at a bank located in the United States and eligible for FDIC “pass-through” deposit insurance.

LTC is currently ranked 7th in theĀ AltDexĀ 100 IndexĀ (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

Related:Ā Winklevoss-Led Gemini Launches the First Regulated USD-Pegged Stablecoin
Similar:Ā Litecoin (LTC) Revamps Its Website to Reach a Broader Audience

Disclaimer: This articleā€™s author has cryptocurrency holdings that can beĀ tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.