Question 1

What is the current price of Gemini Dollar (GUSD)?

Accepted Answer

The current price of Gemini Dollar (GUSD) is ADA 4.07. Over the last 24 hours, the price has decreased by -0.48%.

Question 2

What is Gemini Dollar (GUSD)?

Accepted Answer

Gemini Dollar (GUSD) is renowned as the world's first regulated stablecoin. It combines the creditworthiness and price stability of the US dollar with blockchain technology. Furthermore, GUSD operates under the oversight of US regulators. As a stablecoin, GUSD is issued 1-to-1 for American dollars via Gemini, a New York trust company. Therefore, each GUSD essentially represents a US dollar held in a bank, backing its value.

Question 3

Who created the Gemini Dollar?

Accepted Answer

Gemini Dollar was created by the Gemini Trust Company, LLC, which was established four years ago with the mission to build a bridge to the future of money. Gemini's vision was to integrate the financial reliability and stability of the US dollar with the technological benefits of blockchain, under the oversight of U.S. regulators, particularly the New York State Department of Financial Service.

Question 4

How does Gemini Dollar work?

Accepted Answer

Starting from 10th September 2018, anyone with US dollars in their Gemini account can convert them into Gemini dollars and withdraw them to an Ethereum address. This is because the Gemini Dollar coin is built on the Ethereum network and follows ERC20 token standards. Customers also get the advantage of being able to convert their GUSD back into USD directly into their Gemini account.

Question 5

What makes Gemini Dollar unique?

Accepted Answer

The unique aspect of Gemini Dollar lies in its stability and security. The Gemini Dollar is maintained strictly at a 1:1 peg with the US dollar. All US dollars corresponding to the issued and in-circulation Gemini dollars are held at a US bank, making them eligible for FDIC "pass-through" deposit insurance (subject to applicable limitations). To preserve its credibility, the US dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. All Independent Accountants’ Reports are published and made publicly available. Additionally, Gemini Dollar's code has been audited by an information security research & development firm, Trail of Bits, Inc., to maintain utmost security.

Question 6

How is the Gemini Dollar’s Technology audited?

Accepted Answer

The technology behind Gemini Dollar is designed with firm security measures. Built on the Ethereum Network, the smart contracts of Gemini Dollar have been audited by Trail of Bits, Inc., a reputable information security research & development firm. This further safeguards the trust of GUSD users by ensuring a continuous security audit procedure.

Question 7

How much Gemini Dollar (GUSD) is in circulation?

Accepted Answer

As of now, 40.5M GUSD are in circulation. The total supply of Gemini Dollar is variable, as it depends on the amount of US dollars converted into GUSD on the Gemini platform.

Question 8

Where Can You Buy Gemini Dollar (GUSD)?

Accepted Answer

Gemini Dollar (GUSD) can be purchased on Gemini, Coinbase Pro, Bitstamp, CREX24. This allows users to convert their US dollars directly into GUSD, and if needed, also re-convert them back into US dollars.

Convert GUSD to ADA

Try our Crypto Pro app