Gemini Dollar GUSD
$1.0009 0.14%
Latest Updates
Updated at 23:38$94,262,948.64
#432
$1,664,733.73 39.93%
+$0.0014 0.14%
+$0.00594 0.59%
What about Gemini Dollar?
Gemini Dollar (GUSD) is a new type of cryptocurrency that is pegged to the US dollar, meaning its value will remain stable relative to this fiat currency. Gemini Trust Company, LLC, owned by the Winklevoss twins, launched GUSD in September 2018. Built on the Ethereum blockchain, GUSD is meant to be used as a stablecoin. GUSD is currently the only crypto asset regulated by the New York State Department of Financial Services. The regulation calls for audits to ensure that the 1:1 value is maintained. This eliminates one of the key drawbacks of Tether, a competitor currency that is likewise pegged to the dollar but lacks transparency.
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