Gemini Dollar $GUSD

The Gemini Dollar is a trailblazer in the cryptocurrency world, being the first globally recognized regulated stablecoin. Built on the Ethereum network and overseen by U.S. regulators, it merges the stability and creditworthiness of the U.S. dollar with the revolutionary blockchain technology. The Gemini Dollar is the currency of the future, offering a secure and stable medium of exchange in the digital world.

Gemini Dollar: The First Regulated Stablecoin

The Gemini Dollar is issued by Gemini Trust Company, LLC, a New York trust company, making it the first regulated stablecoin. It is strictly pegged 1:1 to the U.S. dollar, ensuring its price stability. Its value is sustained by the U.S. dollars that correspond to the Gemini dollars issued and in circulation, which are held at a U.S. bank. These funds are also eligible for FDIC "pass-through" deposit insurance, in line with applicable limitations.

Security and Transparency

The security of the Gemini Dollar is ironclad, as it is a cryptographic token built according to the ERC20 standard for tokens on the Ethereum Network. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc., an information security research & development firm. Furthermore, the U.S. dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg.

Exchange and Usage

As of September 10, 2018, users can convert U.S. dollars in their Gemini account into Gemini dollars and withdraw them to an Ethereum address. Gemini dollars can also be automatically converted back into U.S. dollars in your Gemini account. The Gemini Dollar, a beacon of stability in the volatile cryptocurrency market, offers a dependable and transparent digital alternative to traditional fiat currencies.