Gemini Dollar

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.