Question 1

What is it?

Accepted Answer

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.

Question 2

What is it used for?

Accepted Answer

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.

Question 3

Who created it?

Accepted Answer

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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	GUSD-SGD gusdsgd	gemini	A	1.28SGD	0.12%	120,905.65GUSD	44	1.28SGD	1.28SGD
2	GUSD-USDT usdtgusd	gemini	A	0.9981USDT	-0.69%	5,733.66GUSD	3	1.01USDT	1.01USDT
3	GUSD-GBP gusdgbp	gemini	A	0.7451GBP	2.36%	146.04GUSD	7	0.7279GBP	0.7457GBP
4	GUSD-USD gusdusd	gemini	A	1.00USD	0.00%	0GUSD	0	1.00USD	1.00USD
5	GUSD-USD gusd_usd	yobit	-	1.07USD	0.00%	0GUSD	0	1.07USD	1.07USD