Gemini Dollar Markets Overview
Gemini Dollar (GUSD) is traded across multiple market types, categorized as follows:
- CEX: Centralized exchanges
- DEX: Decentralized exchanges
- Spot: Immediate transactions
- Perpetual: Continuous contracts without expiry
- Futures: Agreements to buy/sell at future dates
Market data is updated in real-time; refresh for latest metrics.
Gemini Dollar (GUSD) News
Stay informed with the latest developments:
- Top Stories: Curated high-impact updates
- Latest: Chronological news feed
Gemini Dollar Analytics
Key metrics include:
- Top Holders: Addresses with significant GUSD balances
- Transaction Volume: 24-hour trading activity
- Supply Metrics: Circulating vs. total supply
About Gemini Dollar (GUSD)
What Is Gemini Dollar?
Gemini Dollar (GUSD) is an NYDFS-regulated stablecoin pegged 1:1 to the US Dollar, issued by Gemini Trust Company. Launched in September 2018, GUSD combines Ethereum’s ERC-20 smart contract efficiency with robust regulatory compliance.
Key Features:
- Regulatory Oversight: Backed by USD reserves audited monthly.
- Transparency: Publicly verifiable smart contracts audited by Trail of Bits.
- Use Cases: Ideal for trading, remittances, and DeFi integrations.
Founders & Background
Developed by Gemini Trust Company, co-founded by Cameron and Tyler Winklevoss. The exchange is renowned for its regulatory-first approach in the crypto space.
Unique Selling Points
- Full Reserve Backing: Each GUSD is redeemable for USD.
- Cross-Platform Utility: Compatible with Ethereum-based dApps and exchanges.
Circulation & Security
- Supply: Adjusts dynamically based on demand and redemptions.
- Security: Combines Ethereum’s blockchain integrity with NYDFS compliance.
Where to Buy GUSD
Available on major exchanges like:
- Binance
- Coinbase
- Kraken
Alternatives to GUSD
Consider these stablecoins for diversification:
- USDC: Circle’s regulated option
- USDT: High-liquidity leader
- DAI: Decentralized collateral-backed
FAQ Section
1. Is Gemini Dollar (GUSD) safe?
Yes, GUSD is fully backed by USD reserves and regulated by NYDFS, ensuring transparency and accountability.
2. How can I redeem GUSD for USD?
Through Gemini’s platform, where tokens are burned upon redemption, and equivalent USD is released.
3. What are the fees for using GUSD?
Transaction fees depend on the Ethereum network gas costs; Gemini charges minimal processing fees for redemptions.
4. Can GUSD be used in DeFi?
Absolutely! As an ERC-20 token, GUSD integrates seamlessly with Ethereum-based DeFi protocols like Uniswap and Aave.
👉 Learn more about GUSD’s latest developments
👉 Explore trading pairs for Gemini Dollar
Data and compliance details sourced from official Gemini reports.