GUSDGUSD

Gemini Dollar is a US dollar stablecoin that was created by Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss. It launched on September 10, 2018, after the New York State Department of Financial Services (NYDFS) approved it. Gemini Trust Company, a New York limited purpose trust company, issues it. Each token is meant to be worth one US dollar and to be redeemable for one dollar.

GUSD is an ERC-20 token on Ethereum. Gemini creates new tokens when customers deposit dollars and burns them when customers redeem. According to Gemini, the reserves that back the tokens are held in bank deposits, in US Treasury obligations and in money market funds that invest only in US Treasury obligations. An independent accounting firm, BPM, examines the reserves and publishes a report each month. Gemini customers can redeem GUSD for dollars on the Gemini exchange.

GUSD has no fixed maximum supply. The supply follows the number of dollars that customers deposit and redeem. The current circulating supply is shown at the top of this page.

GUSD is designed to trade at $1, and small moves around that level are normal. The price chart on this page shows how closely it follows its peg across the six available timeframes.

Cointelegraph's GUSD price index gives you the current GUSD to USD price and the numbers behind it: market cap, 24-hour volume, supply and the 24-hour and 52-week price range. Use the converter for quick calculations, and follow our stablecoin coverage for news on reserves, regulation and issuance.