Lamassu VS Genesis Global Trading

Okay but there's a Lamassu Cryptomat in our town and it allow for 0-confirmation withdrawals under a set threshold. Most of the people I know use Muun wallet, which normally works fine for the 0-conf transactions. Source: about 2 years ago

"Gemini is partnering with accredited third party borrowers including Genesis, who are vetted through a risk management framework which reviews our partners’ collateralization management process. On a periodic basis we will conduct an analysis of our partners’ cash flow, balance sheet, and financial statements to ensure the appropriate risk ratios and healthy financial condition of our partners. Source: 10 months ago

Genesis trading is a company that helps institutional investors tap into the crypto markets. Source: over 1 year ago

I'm like 99% sure you're correct. https://genesistrading.com/. Source: over 1 year ago

However, if your GUSD is in their Earn program, you essentially have what is called third-party risk. Essentially, Gemini has given your GUSD to Genesis. Genesis then uses those GUSD to lend to institutional investors, who are doing god knows what with the GUSD. The point of all of this is to say that if the institutional investor goes bankrupt, or if Genesis goes bankrupt, then you may not be able to get back... Source: about 2 years ago

They partner with Genesis capital https://genesistrading.com/. I listened to an interview with Genesis about the Earn program and they have a slush fund to cover any defaults. Basically you are fine unless Genesis themselves go under which is unlikely. Source: about 2 years ago