Gemini Dollar
a.k.a. GUSD
A stablecoin issued by the Gemini exchange, designed to stay worth one US dollar.
In plain English
A stablecoin issued by the Gemini exchange, designed to stay worth one US dollar.
The Gemini Dollar (GUSD) is a stablecoin launched by Gemini in 2018. Each token is meant to be backed by one US dollar held in reserve, so it should always be redeemable at $1.
It runs as a token on Ethereum, so it can move around crypto apps like any other token while keeping a steady price. Like every stablecoin, its peg is only as good as the reserves and the company behind it.
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