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Gemini Dollar

Gemini Dollar

GUSD
#351
$1.0021Down 0.47 percent($0.00)

Key Stats

Market Cap$39.33MDown 0.47 percent
Volume (24h)$70.27K
Fully Diluted Value$39.33M
Vol/Mkt Cap (24h)0.18%
Total Supply39.24M GUSD
Max Supply∞
Circulating Supply39.24M GUSD
Launch Date2018-09-09
Built OnETH
Token StandardERC20
Smart Contract Address0x056F…d5Cd
Decimal Places2

Gemini Dollar Information

Websites
gemini.comWhitepaper
Industries
Stablecoin
Parent Asset
USD

Gemini Dollar Price Converter

Gemini DollarGUSD
USD
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Latest Gemini Dollar News

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Gemini Dollar Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Gemini DollarSGD logo
GUSD-SGD
gusdsgd
gemini logogemini
A
1.27SGD
0.23%
Gemini DollarUSDT logo
GUSD-USDT
usdtgusd
gemini logogemini
A
1.01USDT
0.01%
Gemini DollarGBP logo
GUSD-GBP
gusdgbp
gemini logogemini
A
0.7244GBP
0.00%
Gemini DollarUSD logo
GUSD-USD
gusdusd
gemini logogemini
A
1.00USD
0.00%
Gemini DollarUSD logo
GUSD-USD
gusd_usd
yobit logoyobit
-
1.05USD
0.00%

Gemini Dollar Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
GUSDERC20ETH0x056Fd409E1d7A124BD7017459dFEa2F387b6d5Cd2018-09-09

About Gemini Dollar

The Gemini dollar (GUSD) is a U.S. dollar-backed stablecoin developed by Gemini, a licensed digital asset platform. It's a fast and efficient cryptocurrency used in the crypto economy. GUSD was created by the Gemini crypto exchange, founded by the Winklevoss twins. GUSD is used for global transfers and earning interest through lending services.

Frequently Asked Questions

The Gemini Dollar (GUSD) is a stablecoin cryptocurrency which aims to maintain a value equivalent to that of the U.S. dollar, i.e., one GUSD equals one USD. It is an ERC-20 token on the Ethereum blockchain, which means it utilizes the protocol set forth by Ethereum for tokens launched on its platform. GUSD is an attempt to harness the benefits of blockchain technology and cryptocurrency while maintaining the stability and trust associated with a fiat currency like the U.S. dollar.

Project/Platform

GUSD is a project by Gemini Trust Company, LLC, a digital asset exchange and custodian that allows customers to buy, sell, and store digital assets. Gemini, the platform that issues GUSD, is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York Department of Financial Services and the New York Banking Law.

GUSD is primarily used as a medium of exchange, and it allows for the transfer of value across the internet without the need for traditional banking systems. Due to its 1:1 peg with the U.S. dollar, it is also utilized as a stable store of value in the volatile crypto markets. In addition, the Gemini Dollar can be used to purchase other cryptocurrencies on the Gemini platform, or any other platform that accepts it. Lastly, GUSD can provide a method of transferring U.S. dollars globally with the speed and cost-effectiveness inherent in blockchain transactions.

Gemini Dollar was created by Cameron and Tyler Winklevoss, who are also the co-founders of the Gemini Exchange. The Winklevoss twins are well-known figures in the cryptocurrency space and have been heavily involved in the industry since its early stages.