Gemini and BlockFi have partnered together to provide loans based on deposited ETH used as collateral but they issued those loans in USD not in Gemini dollars. This is because people don’t want Gemini dollars to run a business or pay for their expenses or for reinvestment purposes.
So… who wants to get a loan of Gemini dollars? What are they going to use them for. I mean in the future once they are integrated into “decentralized UBER” or “smart contract AirBnB” then ok I get it. But how they make financial sense today… I’m lost.