Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
Gemini Dollar

coin.price_trendingGUSD

focusIcon
subscribe
coin.quote_currency:
USD

coin.calculator

coin.calculator_tips
GUSD
VectorImg
USD
1 GUSD = 0.9996 USD
coin.update_time(UTC-0)
coin.buy_coin

technical.price_summary.title

coin.price_live_data

technical.price_summary.p1

technical.price_summary.a1

technical.price_summary.p2

technical.price_summary.a2
profit_calculator.calculate_tokenname_profit

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

rating.title_new

rating.from
4.4
rating.person
rating.des

coin.about_title

What is Gemini Dollar?

The Gemini Dollar (GUSD) is a stablecoin issued by Gemini Trust Company, founded by Cameron and Tyler Winklevoss. It aims to merge the stability of the U.S. dollar with blockchain efficiency. Each GUSD is pegged to a U.S. dollar held in reserve, offering stability not commonly found in other cryptocurrencies like Bitcoin and Ethereum.

GUSD is regulated by the New York State Department of Financial Services (NYDFS), ensuring compliance with financial regulations and regular audits. This adds credibility and makes it a preferred choice for users seeking a reliable stablecoin. However, it faced a setback in March 2023 when it temporarily lost its 1-to-1 peg, trading at around US$0.97.

Resources

Official Whitepaper:https://www.gemini.com/static/dollar/gemini-dollar-whitepaper.pdf

Official Website: https://www.gemini.com/dollar

How Does Gemini Dollar Work?

The operation of the Gemini Dollar (GUSD) is quite straightforward and is supported by a blend of blockchain technology and banking partnerships. When someone wants to buy GUSD, they can easily do so via the Gemini exchange platform. Once purchased, an equivalent amount of U.S. dollars is securely held in reserve by the Gemini Trust Company, stored in a bank account that undergoes regular audits. This setup guarantees that for each GUSD token in circulation, there's a corresponding U.S. dollar held in reserve, thereby maintaining a 1:1 peg between the two.

Transactions involving GUSD are facilitated on the Ethereum blockchain, serving as the backbone for the token's smart contract. This arrangement enables users to send, receive, and store the token in any wallet that is compatible with Ethereum. Moreover, the smart contract that governs GUSD is carefully coded to ensure the 1:1 peg to the U.S. dollar. It also incorporates features that bolster transparency and allow for periodic auditing.

What is Gemini Dollar Token (GUSD)?

The GUSD token is the digital representation of the Gemini Dollar, built on the Ethereum blockchain and compliant with the ERC-20 standard. This enables it to integrate easily with various Ethereum wallets and decentralized applications (DApps).

Which Factors Affect Gemini Dollar Token (GUSD) Price?

While GUSD is designed to maintain a stable value of one U.S. dollar, several factors could potentially impact its price. These include:

- Regulatory Changes: Any alterations in the regulatory landscape, especially from the NYDFS, could influence the stability or utility of GUSD.

- Market Demand: While the token is pegged to the U.S. dollar, extreme fluctuations in demand could theoretically lead to slight deviations in its price. However, the Gemini Trust Company usually steps in to maintain the peg through a mechanism known as arbitrage.

- Financial Audits: Results from periodic audits could affect public perception and, consequently, demand. Positive audits affirm trust, while negative outcomes could undermine it.

- Economic Conditions: Factors like inflation or interest rates affecting the U.S. dollar could indirectly influence the appeal of holding GUSD as a stable asset.

- Technical Issues: Any vulnerabilities or issues related to the Ethereum blockchain could impact GUSD, although such risks are generally considered to be low.

Gemini Dollar's Impact on Finance

GUSD has significantly impacted the financial sector by providing a stable and transparent digital asset that serves as a bridge between traditional fiat currencies and cryptocurrencies. Its features—stability, transparency, and regulatory oversight—have earned it the trust of various stakeholders, from individual investors to financial institutions. By offering a stable and efficient medium for transactions, GUSD has broadened the use-cases for digital assets and contributed to the maturation of the cryptocurrency market.

Conclusion

In summary, the Gemini Dollar (GUSD) has been a game-changer in the financial world by offering the stability of the U.S. dollar along with the benefits of blockchain technology. Despite some setbacks, such as its temporary value fluctuation in March 2023, its regulated and transparent nature has made it a trusted option for various stakeholders. GUSD has thus played a pivotal role in making cryptocurrencies more accessible and credible, shaping the future of finance.

technical.performance.title

coin.24Hcoin.7dayscoin.30dayscoin.90dayscalculator.common.one_yearcoin_market.all_time
+0.09%-0.00%-0.15%-0.35%+0.57%-0.08%

technical.history.title

technical.history.coin_code_price
coin_market.timecoin.lowcoin.high
24h$0.9954$1
7d$0.9904$1.01
30d$0.9857$1.01
90d$0.9733$1.03
1y$0.9714$1.06
coin_market.all_time$0.8521(2020-03-12, coin_market.years_ago )$1.27(2021-11-16, coin_market.years_ago )

coin.market_info

coin_market.cap
$66,300,861.07
+0.09%
coin_market.fully_cap
$148,487,765.29
+0.09%
coin_market.volume_24h
$1,484,383.37
+13.20%
coin_market.market_raking
coin_market.circula_rate
+100.00%
coin_market.volume_cap
0.0223
coin_market.circula_supply
66,328,060 GUSD
coin_market.total_max_supply
66,328,058.14 GUSD
148,548,675.98 GUSD
calculator.faq_btn

coin_price.social_data

coin_price.social_description1

coin_price.social_description2

coin_price.social_description3

coin_price.social_description5

coin_price.social_description6

coin_price.all_social_overview

coin_price.average_sentiment(24h)
3
coin_price.social_score(24h)
0(#1159)
coin_price.social_contributors(24h)
32
+7%
coin_price.social_mentions(24h)
6(#1009)
-57%
coin_price.social_dominance(24h)
0%
coin_price.twitter
coin_price.twitter_tweets(24h)
0
0%
coin_price.twitter_sentiment(24h)
coin_price.twitter_bullish
0%
coin_price.twitter_neutral
100%
coin_price.twitter_bearish
0%
coin_price.reddit
coin_price.reddit_score(24h)
10
coin_price.reddit_ posts(24h)
20
-20%
coin_price.reddit_comments(24h)
0
0%

coin.how_to_buy

calculator.htb.step1_title

calculator.htb.step1_title

calculator.htb.step1_des
calculator.htb.step2_title

calculator.htb.step2_title

calculator.htb.step2_des
calculator.htb.step4_title

calculator.htb.step4_title

calculator.htb.step4_des

coin.excellent_traders.title

coin.excellent_traders.p

faq.name

How does Gemini Dollar work?

GUSD is a stablecoin fully backed by cash, ensuring that for every GUSD in circulation, the Gemini Trust Company, responsible for the Gemini exchange, holds an equivalent amount in their reserves. This guarantees users can always exchange their GUSD for an equal value in US dollars (1 GUSD = $1.00).

Is Gemini Dollar a good investment?

The value of the Gemini dollar rises when the value of a dollar rises. If your intention of investing in GUSD is to prevent volatility, then it is a good investment.

How stable is Gemini Dollar?

Each GUSD circulating is completely supported by cash or cash-like assets, including bank balances, money market funds, and US treasury bills. At any moment, Gemini users can exchange 1 GUSD for $1 on the Gemini platform.

How does Gemini Dollar make money?

Most of the income is derived from transaction charges linked to order amounts. There are fees for deposits and withdrawals, though deposits in cryptocurrencies and Gemini dollars are exempted. Interchange fees are generated from a credit card service that enables everyday purchases.

Who owns Gemini Dollar?

Gemini Trust Company, LLC (Gemini) is a U.S.-based digital asset exchange and custodial service where users can purchase, trade, and hold cryptocurrencies. Established in 2014 by the Winklevoss twins, Cameron and Tyler, it's a prominent name in the crypto sector.

Is staking Gemini Dollar safe?

Gemini employs cutting-edge HSM infrastructure to handle all cryptographic keys in-house, ensuring heightened security. Moreover, keys associated with unstaking and withdrawal processes are kept in cold storage, adding an extra layer of asset safety

faq.one

faq.one_answer_new

faq.two

faq.two_answer

faq.third

faq.third_answer

faq.fourth

faq.fourth_answer

seo_faq.qustion1

seo_faq.answer1

seo_faq.qustion2

seo_faq.answer2

coin_price.buy_coin_title

coin_price.buy_coin_title_app
coin_price.buy_coin_guidance
google download badgeios download badge
coin_price.trade_bg_exchange
coin_price.trade_bg_exchange_guidance

video_section.h2_title

play cover
video_section.right_title
1. video_section.description1
2. video_section.description2
3. video_section.description3
4. video_section.description4
5. video_section.description5
6. video_section.description6
7. video_section.description7
faq.des