### What is Gemini Dollar?

Gemini Dollar (GUSD) is a stablecoin created by Gemini Trust Company, a New York-based cryptocurrency exchange. Each Gemini Dollar is backed 1:1 by U.S. dollars held in reserve, ensuring its stability and maintaining a fixed value equivalent to the USD.

### How does Gemini Dollar work?

Gemini Dollar operates as an ERC-20 token on the Ethereum blockchain, which facilitates its use in smart contracts and decentralized applications. The system consists of several smart contracts, including 'Proxy', 'Impl', and 'Store', where 'Proxy' manages public interactions, 'Impl' controls the internal logic, and 'Store' maintains the ledger. The token issuance is tightly controlled to align with the USD reserves, with regular audits ensuring transparency and compliance. 

### What are the potential use cases for Gemini Dollar?

Gemini Dollar offers various use cases, including facilitating remittances and cross-border payments, enhancing financial accessibility and inclusivity, conducting secure and efficient digital transactions in eCommerce, providing financial empowerment for the unbanked, supporting microfinance and peer-to-peer lending, and enabling trading and various DeFi applications. Partnerships with exchanges and platforms further broaden its utility.

### What is the history of Gemini Dollar?

The Gemini Dollar was launched in September 2018 by Gemini Trust Company, LLC, a cryptocurrency exchange founded by Cameron and Tyler Winklevoss in 2014. Its introduction marked a significant step towards bridging traditional finance and the crypto industry, being one of the first regulated stablecoins with backing by real USD in FDIC-insured accounts. Since its launch, GUSD has seen adoption across various platforms and maintains a strong presence in the stablecoin market.

Gemini Dollar

Tether

USDC

USDD

Tether Gold

Frax

Terra Luna Classic

Reserve Rights

PAX Gold

True USD

Alchemix USD

STASIS EURO

TerraUSD

UST Classic

Pax Dollar

EURC

Liquity USD

Magic Internet Money

XSGD

Gemini Dollar (GUSD)

Similar Coins

USDT

USDC

USDD

XAUT

FRAX

LUNC

RSR

PAXG

TUSD

ALUSD

EURS

UST

USTC

USDP

EURC

LUSD

MIM

SAI

XSGD

Resources

Gemini Dollar (GUSD) Price Index

Gemini Dollar Price

Trading volume

Market cap

Resources