Gemini dollar update: GUSD Live price, price chart, news and markets

The GUSD price update as of now is $1.00. In the previous 24 hours, its trading volume was $70,349,745, and its value has increased by 0.04%. As of now, GUSD's live market cap is $45,518,386, and it is ranked as the #467 on the Coincu. GUSD has a circulating supply of 45,498,947 and a maximum supply of 45,498,947.

Introduction to Gemini Dollar (GUSD)

Gemini Dollar (GUSD) is a stablecoin issued on the Gemini exchange. It is built on the Ethereum network using ERC20 standards and is designed to maintain a 1:1 ratio with the USD.

Regulated by the New York State Department of Finance (NYDFS), Gemini Dollar is considered a reliable and stable cryptocurrency. Users can convert 1 GUSD into 1 USD at any time and from anywhere through State Street Corporation, a major US bank and financial services company, and the FDIC.

Gemini Dollar's Solutions and Benefits

Gemini Dollar (GUSD) offers various solutions and unique benefits to its users while ensuring accuracy and stability.

Confidence in investment is provided by Gemini Dollar, as it operates on the Blockchain and is built using the Ethereum protocol and ERC20 standard. The currency is audited by reputable companies, with the audit results publicly disclosed, enhancing trust among customers.

Gemini exchange, the platform that operates Gemini Dollar, complies with strict US standards, ensuring a secure platform for BTC, ETH, and USD transactions. Parallel transactions and verifications are enabled by Gemini Dollar, saving time and improving the user experience.

Gemini Dollar stands out from other cryptocurrencies by being backed by a trusted entity in New York and maintaining a 1:1 ratio with the USD, ensuring liquidity. Trust is further enhanced through the integration of Smart Contracts, enabling quick and convenient processes.

Key Features of Gemini Dollar (GUSD) Coin

GUSD Coin Issued by a Reputable Exchange

Gemini exchange, which holds a license to operate in the US and follows strict trading regulations, issues GUSD coin.

Controlled by Major Partners

All GUSD coins issued and traded on the market are controlled by State Street Bank and the United States Federal Deposit Insurance Company, ensuring the value and security of the coin. Monthly audits by BPM verify the 1 GUSD : 1 USD ratio, with the results made publicly available.

Rigorous Security Checks

GUSD coins undergo thorough security checks by Trail of Bit, a cybersecurity research and development company.

Stable Value

Gemini exchange is committed to maintaining the stability and transparency of GUSD's value. The coin consistently trades around 1 USD, allowing investors to easily convert between 1 GUSD and 1 USD.