GUSD - Gemini Dollar Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
Day

Quote Currency:

USD

Gemini Dollar

Price:

$1.0233
Unknown
loading chart
Market Cap
Unknown
Volume
Unknown
Transp. Vol.
Unknown
Transparency GradeUnknown
Circulating SupplyUnknown
Max SupplyNone

Today's Gemini Dollar price is $0.00000000, which is down 0% over the last 24 hours. Gemini Dollar's market cap is unknown. 24 hour GUSD volume is unknown. It has a market cap rank of 338. Gemini Dollar is traded on exchanges.Over the last day, Gemini Dollar has had 0% transparent volume.

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Gemini Dollar Statistics

Price$1.0233
Price ChangeUnknown
All-Time High$1.0605
Date of ATH9/24/2018
Days Since ATH482
% of ATH96.50%
Price vs ATH
Market Cap$4.22M
Mkt Cap ChangeUnknown
Mkt Cap Rank338
Mkt Dominance0%
Mkt Dominance
Circulating Supply4,119,247
Max Supply4,119,247
% in Circulation100.00%
% in Circulation
VolumeUnknown
Vol. Change
Unknown
Exchange VolumeUnknown
Transparent VolumeUnknown
Transparent Volume (Δ)
Unknown
Transparent Volume

About Gemini Dollar

The Gemini dollar (GUSD) is an Ethereum based stablecoin pegged 1:1 to the US Dollar. The Gemini dollar is dubbed as “the world’s first regulated stablecoin” and is issued by the New York-based Gemini Trust Company, LLC (Gemini). Gemini controls the creation of all Gemini dollars.

The stablecoin was announced on September 2018 by Cameron and Tyler Winklevoss, cofounders of the Gemini cryptocurrency exchange. The supply of Gemini dollars is collateralized by US dollars held in an FDIC-insured account at State Street Bank. The US dollar deposit balance is audited monthly by the San Francisco-based public accounting firm BPM to ensure that each Gemini dollar is backed by a US dollar in reserve.

In 2011, the Winklevoss twins won $65 million in a lawsuit against Mark Zuckerberg (founder of Facebook). In that same year, the brothers learned of Bitcoin and invested $11 million in the cryptocurrency. In 2013, the brothers announced the formation of Gemini but it took another two years before the exchange officially launched in October 2015. Gemini is regulated by the New York State Department of Financial Services (NYDFS) and is subject to stringent New York banking laws. Since 2015, all cryptocurrency businesses and exchanges are required to obtain a BitLicense from the NYDFS to operate in the state of New York.

The Gemini dollar is an ERC-20 token and can be transferred on the Ethereum platform and stored in any Ethereum wallet. According to the white paper, Gemini can “pause, block, or reverse [Gemini dollar] transfers in response to a security incident (i.e., catastrophic event) or if legally obligated or compelled to do so by a court of law or another governmental body.”

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Currency Name
Gemini Dollar
Symbol
GUSD