About Gemini Dollar (GUSD)
What Is Gemini Dollar (GUSD)?
Gemini Dollar is a U.S. dollar stablecoin issued by Gemini. GUSD is an ERC-20 token on Ethereum. Gemini says each token is backed by cash or cash equivalents and can be redeemed by eligible Gemini customers at one dollar.
How Does Gemini Dollar Work and What Is GUSD Used For?
Gemini mints GUSD when dollars enter the system and burns tokens during redemption. There is no fixed maximum supply. GUSD can be transferred, traded, and used in supported DeFi and payment applications. Gemini publishes monthly reserve attestations from an independent accounting firm.
Gemini Dollar Security, Custody and Risks
GUSD depends on Gemini, banking partners, reserve management, regulation, and an upgradeable smart-contract system. Gemini can exercise administrative controls. Secondary-market liquidity can be thin, so the price may depart from one dollar. Users also face Ethereum fees and contract risk.
Frequently Asked Questions About Gemini Dollar
Is GUSD always worth exactly $1?
Redemption targets $1, but market prices can vary.
Is GUSD decentralized?
Transfers use Ethereum, but issuance and redemption are centralized.
Does GUSD have a hard cap?
No.
Sources and Verification
Official sources
- Gemini Dollar Active
- GUSD transparency Active