Last updated at 2022/10/04
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Gemini Dollar, $GUSD

USD-pegged Stablecoin

KPIs & Market Data

Market Cap
$332M
Market Cap 7d %
+9.64%
Market Cap 30d %
-3.56%
Volume 24h
$850.8K
Volume 7d
$14M
Mechanism
Governance
Centralized
Issuer
Gemini Trust Company, LLC.
Jurisdiction
United States

GUSD Coin is a USD pegged stable coin that is always issued & redeemed in a 1:1 ratio with USD. It is fully backed by cash and cash equivalents and audited monthly through an independent auditor. USDP is issued solely as an ERC-20 token whose contract is audited by Trail of bits. The Issuer, the cryptocurrency exchange Gemini, offers different yield farming opportunities for GUSD holders on its platform.

Risks

  • Counterparty risk against Gemini Trust Company
  • Risk of insufficient backing
    • Gemini only reports a monthly attestation report on the backing of the outstanding GUSD
  • Risk of loss of collateral due to low quality of collateral based on speculation
  • Risk of asset freeze due to regulatory pressure

$GUSD Newsticker

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