Gemini Dollar (GUSD) currently has a price of $1.00 and is down -0.13% over the last 24 hours. The cryptocurrency is ranked 263 with a market cap of $148.2M. Over the last 24 hours, it saw $478.7K of trading volume. The token has a circulating supply of 148.3M tokens out of a total supply of 148.3M tokens.
Gemini Dollar (GUSD) is a stablecoin cryptocurrency issued by the Gemini exchange, with its value pegged to the US Dollar. It provides a secure and stable medium for transferring virtual dollars over blockchain, utilizing the Ethereum platform for smart contract functionality. Each GUSD is backed by a dollar held at State Street Bank and Trust Company, offering FDIC "pass-through" deposit insurance. GUSD enables users to easily use the US Dollar on the blockchain, allowing for the purchase, sale, and trading of digital assets with a currency that maintains consistent value. The tokens are subjected to regular external audits to ensure transparency and confirm the corresponding backing of each token with a dollar in the Gemini account.
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