GUSD

GUSD Price

About Gemini Dollar (GUSD)

Gemini Dollar is a regulated, US Dollar-backed stablecoin designed to combine the creditworthiness and stability of traditional fiat with the speed and efficiency of blockchain technology.

• Regulated Oversight: GUSD is fully regulated by the New York State Department of Financial Services (NYDFS), ensuring compliance with strict regulatory standards.
• 1:1 Dollar Peg: Every token is strictly pegged 1:1 to the US Dollar and is fully redeemable on the Gemini platform.
• Ethereum Native: Built as an ERC-20 token, GUSD is compatible with a wide range of wallets, exchanges, and decentralized applications.

What Is Gemini Dollar

Gemini Dollar is a digital representation of the US Dollar, issued by Gemini Trust Company, LLC, a New York trust company. It serves as a bridge between traditional finance and the crypto economy, allowing users to send and receive US Dollar value across the globe with the transparency and speed of a blockchain.

Value moves through the system as users convert fiat currency into GUSD on the Gemini platform, where the corresponding tokens are minted on the blockchain. The token is put to work within the ecosystem through decentralized lending, trading, and as a medium of exchange. As the ecosystem grows, GUSD scales by providing a trusted, regulated unit of account for complex smart contract interactions and global settlement.

What Makes Gemini Dollar Unique

• Regulatory Compliance: Unlike many other stablecoins, GUSD was regulated from its inception in 2018 by the NYDFS, providing a level of institutional oversight.
• Monthly Attestations: The US Dollar reserves backing GUSD are examined monthly by an independent registered public accounting firm, BPM LLP, to verify the 1:1 peg.
• Pass-through FDIC Insurance: The cash portion of GUSD reserves is held at FDIC-insured banks and may be eligible for pass-through insurance for Gemini customers.
• Audited Infrastructure: The smart contract code has been audited by Trail of Bits, a leading information security research firm, to ensure technical integrity.

What Can You Use Gemini Dollar for?

Gemini Dollar is pegged to the US Dollar. Its primary use cases include:

1. Value retention: GUSD allows users to hold a digital, on-chain representation of the US Dollar, which may reduce exposure to the price volatility of the broader cryptocurrency market.
2. Yield generation: Users can generate financial returns by lending or staking GUSD across various DeFi protocols or by providing liquidity in automated market maker pools.
3. Cross-border settlement / value transfer: With 24x7 availability, GUSD enables users to pay employees, partners, or friends globally and instantly, often at a lower cost than traditional banking systems.
4. Collateralization: GUSD is widely supported as collateral for borrowing and lending protocols or as margin for derivatives trading within the crypto ecosystem.

How Does Gemini Dollar Work?

Gemini Dollar operates as an ERC-20 token on the Ethereum network. The technical architecture utilizes a system of three separate smart contracts: Proxy, Impl, and Store. The Proxy contract acts as the permanent public address, while the Impl contract contains the logic for transfers and issuance, and the Store contract maintains the ledger of balances. This separation allows for system upgrades and security enhancements without changing the token's address.

To ensure security, high-risk actions such as minting tokens require offline approval from a custodian using hardware security modules. A mechanism called a PrintLimiter is used to control the supply, ensuring that the number of tokens in circulation never exceeds the underlying US Dollar reserves held in segregated accounts.

Team Info and Investors

Gemini Dollar is issued and managed by Gemini Trust Company, LLC, which was founded by Cameron and Tyler Winklevoss. As a New York trust company, Gemini is subject to the capital reserve requirements and cybersecurity standards of the New York State Department of Financial Services. The project has not disclosed specific external venture funding rounds for the GUSD token itself, as it is a core product of the broader Gemini platform, which has received significant early backing from major industry participants.

Where can you buy GUSD?

GUSD tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade GUSD is Gate, where the most active trading pair GUSD/USDT has a trading volume of $95,334.04 in the last 24 hours.

What is the daily trading volume of GUSD (GUSD)?

The trading volume of GUSD (GUSD) is $668,467.45 in the last 24 hours, representing a -36.40% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for GUSD (GUSD)?

GUSD (GUSD) reached an all-time high of $1.02 and an all-time low of $0.9792. It’s now trading -2.40% below that peak and 1.90% above its lowest price.

What is the market cap of GUSD (GUSD)?

Market capitalization of GUSD (GUSD) is $149,445,503 and is ranked #199 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GUSD tokens (150 Million tokens are tradable on the market today).

What is the fully diluted valuation of GUSD (GUSD)?

The fully diluted valuation (FDV) of GUSD (GUSD) is $319,264,042. This is a statistical representation of the maximum market cap, assuming the maximum number of 320 Million GUSD tokens are in circulation today. Depending on how the emission schedule of GUSD tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of GUSD compare against its peers?

With a price decline of -0.10% in the last 7 days, GUSD (GUSD) is outperforming the global cryptocurrency market which is down -5.20%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.20%.