General Overview
The Gemini Dollar (GUSD) is a regulated, USD-backed stablecoin issued by Gemini Trust Company, offering a seamless bridge between traditional finance and the crypto economy. As of today, GUSD trades at $0.998, maintaining a near-perfect peg to the U.S. dollar with minimal volatility.
Key Features of Gemini Dollar
- Fully Regulated: Approved by the NYDFS since 2018.
- 1:1 USD Backing: Each GUSD is backed by cash or cash equivalents (e.g., Treasury bills).
- ERC-20 Token: Built on Ethereum for smart contract compatibility.
- Redemption Guarantee: Users can redeem 1 GUSD for $1 anytime via Gemini.
GUSD Price Statistics (Live Data)
| Metric | Value |
|---|---|
| Current Price | $0.998 (+0.03% 24h) |
| All-Time High (ATH) | $1.62 (May 13, 2020) |
| Market Cap | $47.40 Million |
| Circulating Supply | 47.48 Million GUSD |
| 24h Trading Volume | $1.10 Million |
| Total Supply | 47,484,862 GUSD |
Why Use Gemini Dollar?
- Stability: Avoid crypto volatility while accessing blockchain benefits.
- Transparency: Monthly attestations verify reserves.
- Compliance: Adheres to strict U.S. financial regulations.
- Utility: Ideal for DeFi, remittances, and programmable payments.
👉 Discover how GUSD compares to other stablecoins
GUSD Price Analysis
- Recent Performance: GUSD fluctuated less than ±0.05% over the past month.
- ATH Context: The 2020 spike to $1.62 was an anomaly due to market liquidity crises.
Frequently Asked Questions (FAQ)
Is Gemini Dollar (GUSD) safe?
Yes. GUSD is fully collateralized and regulated by NYDFS, with regular audits.
How do I buy GUSD?
Purchase GUSD on Gemini or supported exchanges like OKX, using USD or other cryptocurrencies.
Can GUSD lose its peg?
Historically, GUSD has maintained its $1 peg due to robust reserve backing and redemption mechanisms.
Market Trends & Future Outlook
- Adoption: Growing use in DeFi protocols for lending/borrowing.
- Competition: Competes with USDC and USDT but stands out for regulatory compliance.
👉 Explore GUSD trading pairs and liquidity
Conclusion
Gemini Dollar remains a top choice for traders and institutions seeking a compliant, transparent stablecoin. Its near-zero volatility and Ethereum compatibility make it a versatile tool in the crypto ecosystem.