Buy Gemini Dollar (GUSD)
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.
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Frequently Asked Questions (FAQs)
What is the current price of Gemini Dollar (GUSD)?
The Gemini Dollar price is $1.6534 AUD, representing a +1.04% from the day prior.
Where is the best place to buy Gemini Dollar (GUSD) in Australia?
The best place to buy Gemini Dollar (GUSD) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Gemini Dollar (GUSD) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Gemini Dollar (GUSD)?
The trading volume of Gemini Dollar (GUSD) is $1.9M AUD in the last 24hrs, representing a +1.04% from the day prior.
How can I buy Gemini Dollar (GUSD)?
Gemini Dollar (GUSD) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Gemini Dollar (GUSD)?
The current market cap of Gemini Dollar (GUSD) is $98.3M AUD.
Can I convert Gemini Dollar (GUSD) to cash?
Yes - With Coinstash you can convert your Gemini Dollar (GUSD) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Gemini Dollar (GUSD) are there?
The current circulating supply of Gemini Dollar (GUSD) is 61.4M.
Is Coinstash a safe place to buy Gemini Dollar (GUSD) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Gemini Dollar (GUSD) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.