The Gemini Dollar (GUSD) is a stablecoin launched by Gemini Trust Company, LLC, a US-based cryptocurrency exchange founded by the Winklevoss twins. Introduced in 2018, GUSD is designed to provide the stability of the US dollar with the speed and efficiency of blockchain technology. Each Gemini Dollar is backed 1:1 by USD held in reserve at US-based FDIC-insured banks, providing assurance of its value. As an ERC-20 token, GUSD operates on the Ethereum blockchain, benefiting from its security and widespread compatibility across decentralised applications. With regular audits conducted by independent accounting firms, GUSD ensures transparency and trustworthiness. The primary aim of GUSD is to facilitate smooth transactions in the cryptocurrency ecosystem, particularly for traders and users who require stable value preservation.
The Gemini Dollar (GUSD) is a stablecoin launched by Gemini Trust Company, LLC, a US-based cryptocurrency exchange founded by the Winklevoss twins. Introduced in 2018, GUSD is designed to provide the stability of the US dollar with the speed and efficiency of blockchain technology. Each Gemini Dollar is backed 1:1 by USD held in reserve at US-based FDIC-insured banks, providing assurance of its value. As an ERC-20 token, GUSD operates on the Ethereum blockchain, benefiting from its security and widespread compatibility across decentralised applications. With regular audits conducted by independent accounting firms, GUSD ensures transparency and trustworthiness. The primary aim of GUSD is to facilitate smooth transactions in the cryptocurrency ecosystem, particularly for traders and users who require stable value preservation.
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