Gemini Dollar (GUSD)

The Gemini Dollar (GUSD) is a regulated, fiat-backed stablecoin issued by the cryptocurrency exchange Gemini, founded by the Winklevoss twins, Cameron and Tyler Winklevoss. GUSD is pegged 1:1 to the US dollar, meaning each GUSD token is fully backed by an equivalent amount of US dollars held in reserve in FDIC-insured U.S. banks or money market funds that hold short-term U.S. Treasury bonds.

Regulated and Audited

GUSD is issued by Gemini Trust Company, LLC, a New York trust company regulated by the New York Department of Financial Services (NYDFS). It is subject to regular audits by an independent accounting firm, ensuring transparency and that each GUSD in circulation is fully backed by US dollars.

Fiat-backed Stability

Each GUSD is backed 1:1 by the US dollar, making it a stable and reliable medium of exchange for users who want to avoid volatility in the cryptocurrency market while taking advantage of blockchain technology's advantages.

Transparency and Trust

Gemini maintains high transparency with monthly attestations published by independent auditors. This helps ensure that the reserves backing GUSD are always in place.