Gemini Dollar Price

The Gemini Dollar is a U.S. dollar-backed stablecoin launched by the Gemini cryptocurrency exchange. Designed to operate on the Ethereum blockchain as an ERC-20 token, GUSD is strictly pegged to the U.S. dollar on a one-to-one basis. This implies that every GUSD token in circulation is backed by an equivalent U.S. dollar held in reserve by the issuer, Gemini.

GUSD aims to combine the reliability and stability associated with the U.S. dollar with the innovative potential and efficiency of blockchain technology. By enabling users to transact in digital currency while enjoying the protection offered by fiat reserves, GUSD fulfills a crucial role in providing liquidity and fostering trust in the digital asset ecosystem.