Gemini Dollar

The Gemini Dollar (GUSD) is a regulated stablecoin pegged 1:1 to the U.S. dollar, designed to offer stability and reduce volatility in the crypto market. Issued by Gemini Trust Company, it operates on the Ethereum blockchain, adhering to the ERC20 standard. GUSD combines traditional finance's stability with blockchain technology's scalability, allowing users secure, low-fee, instant transactions in various applications, including DeFi.

Gemini Dollar ensures transparency and security through monthly audits by independent registered public accounting firms, verifying U.S. dollar reserves matching GUSD in circulation. Additionally, the smart contracts of GUSD have been audited by Trail of Bits, Inc. for operational integrity. The oversight from U.S. regulators, combined with these rigorous audits, guarantees the creditworthiness and reliability of the stablecoin.

Gemini Dollar offers several benefits over other stablecoins, including regulatory compliance, transparency through monthly audits, and a fixed peg to the U.S. dollar, ensuring price stability. Issued by a New York trust company, it benefits from U.S. regulatory oversight, enhancing its credibility. Additionally, its design on the Ethereum blockchain facilitates integration with DeFi applications, offering low transaction fees and high scalability.

GUSD contributes to the web3 ecosystem by providing a stable, secure bridge for users between fiat currency and cryptocurrency. By maintaining a stable value, GUSD facilitates seamless transactions within decentralized finance (DeFi) platforms, remittances, and conversions between crypto and U.S. dollars, thus supporting the development of innovative financial applications and services on the blockchain.

You can acquire Gemini Dollars directly from the Gemini platform, where it's fully backed by U.S. dollar reserves held in banks. GUSD can be converted back to USD and used within the Ethereum network for various applications. Its integration with the Ethereum blockchain allows use in DeFi platforms, for instant transactions, and as a stable store of value across 126 active markets.

If you encounter issues with GUSD transactions, ensure your wallet is compatible with ERC20 tokens and confirm the transaction details. For unresolved issues, visit the support page on the Gemini website or contact their customer service. Additionally, verifying the Ethereum network status might provide insights into potential delays affecting transaction processing times.