Gemini Dollar (gusd) is a regulated USD stablecoin strictly pegged 1:1 to the U.S. dollar, combining fiat stability with blockchain technology. It operates on the Ethereum network as an ERC-20 token, allowing transparent tracking of its supply. gusd is issued by Gemini Trust Company, LLC, a New York-regulated entity. It maintains its peg by holding USD reserves in FDIC-insured banks and U.S. Treasury obligations, verified through monthly audits by BPM. gusd tokens are created when purchased with USD on Gemini and redeemed when sold for USD, ensuring a robust, fiat-backed stablecoin.

Gemini Dollar (gusd) addresses the significant price volatility common in cryptocurrencies like Bitcoin and Ethereum. By providing a stable, 1:1 U.S. dollar-pegged digital asset, gusd enables users to minimize price fluctuations, making it suitable for transactions, investments, and storing value with greater confidence. It functions as a critical bridge between traditional finance and the digital asset ecosystem, supporting stable crypto trading, payments, and various decentralized finance (DeFi) applications without the typical risks associated with unpredictable crypto prices.

The gusd token serves multiple key use cases within the cryptocurrency ecosystem. It is widely used in crypto trading and payments to minimize volatility. Specifically, gusd is integrated into decentralized finance (DeFi) platforms, allowing users to participate in lending, borrowing, and staking activities on protocols like Aave and Compound. Additionally, gusd enables yield generation for users depositing it into high-yield crypto accounts and facilitates faster and cheaper cross-border transactions compared to traditional banking systems, establishing its utility as a versatile USD stablecoin.

GUSD employs a multi-faceted transparency framework: 1) Monthly third-party attestations by BPM LLP verify 1:1 dollar backing; 2) All mint/burn transactions are recorded on Ethereum's public ledger; 3) Reserve composition (FDIC-insured deposits, U.S. Treasuries) is publicly disclosed; 4) Real-time supply tracking via Etherscan enables independent verification. This combines traditional auditing with blockchain's inherent transparency.

GUSD provides developers: 1) Standardized ERC-20 interfaces for seamless DApp integration; 2) Enhanced security through contract separation architecture (Proxy/Implementation/Store layers); 3) Pre-approved compliance for regulated financial applications; 4) Native support in major DeFi protocols (Aave, Maker, etc.); 5) Predictable gas economics from Ethereum's PoS consensus. These features reduce integration friction while maintaining regulatory compatibility.

Yes, GUSD enables non-custodial staking through: 1) Lending protocols like Aave where it earns yield; 2) Liquidity provision on automated market makers (e.g., Uniswap V3); 3) Collateralization in DeFi protocols (MakerDAO); 4) Gemini's institutional staking services. These mechanisms allow yield generation without price volatility exposure. GUSD cannot be natively staked for network security like proof-of-stake cryptocurrencies.

GUSD employs three key security stratagems: 1) Contract separation isolating governance (Proxy), execution (Implementation), and storage (Store) layers; 2) Multi-sig authorization for critical operations with offline key storage; 3) Continuous third-party audits and real-time monitoring. This architecture contains potential exploits to specific layers and prevents single-point failures.

Current constraints include: 1) Ethereum's base-layer transaction throughput limits (~30TPS); 2) Gas cost volatility during network congestion; 3) No native multi-chain support (though bridging exists); 4) Dependency on Ethereum's consensus security. Future solutions involve Layer-2 scaling integration and potential expansion to Ethereum-compatible chains.

The current Gemini Dollar price is $1.00. The Gemini Dollar price has changed by 0.05554737309509479% in the last 24 hours.

The current market capitalization is $43,471,234. This represents the total value of all circulating tokens at the current price.

There are currently 19,266 unique addresses holding Gemini Dollar. The top 10 holders control approximately 76% of the total supply.

The 24-hour trading volume is $323,407. This represents the total value of all trades executed in the last 24 hours across all exchanges.

Gemini Dollar is available for trading on various centralized exchanges (CEX) like Tokpie, Curve (Ethereum), Gemini and decentralized exchanges (DEX) like Uniswap V3 (Ethereum). These platforms offer trading pairs with various cryptocurrencies and fiat currencies.

The primary contract address is 0x056fd409e1d7a124bd7017459dfea2f387b6d5cd on the ethereum blockchain. This is where the token's core functionality is implemented.

The all-time high for Gemini Dollar was $3. This represents the highest price the token has ever reached.