Gemini Dollar
GUSD
Crypto
Stablecoin
USD 1.00+0.04%
Gemini Dollar
UMushroom community rating:
About
Stablecoin
Categoryn/a
Consensus MechanismL2
L1/L2Asset backed
Sub-cateegoryethereum
Ecosystem2018
Year of creation
Description
Gemini Dollar (GUSD) is a Stablecoin crypto token. Gemini Dollar was founded on 2018-10-05 on the ETHEREUM ecosystem. More information can be found at https://www.gemini.com/dollar.
Key Technical Advantages:
Issuer and Regulation: The Gemini Dollar is issued by the Gemini Trust Company, LLC, a New York trust company that operates under the direct supervision and regulatory authority of the New York State Department of Financial Services. Proof-of-Solvency: To ensure solvency, the audit committee of the board of directors of Gemini engages an independent registered public accounting firm to regularly examine and attest to the underlying U.S. dollar balance. Creation, Redemption, and Transfer: Gemini dollars are created when customers buy them with U.S. dollars on the Gemini platform and are redeemed or "destroyed" when customers sell them for U.S. dollars. The Gemini dollar can be transferred on the Ethereum network. ERC20 Standard: The Gemini Dollar is built as an ERC20 compliant token on the Ethereum network, which allows for compatibility with a wide range of software and services that support ERC20 tokens. Contract Separation and Custodianship: The Gemini Dollar's smart contract system includes three core components: Proxy, Impl, and Store. These contracts work together to enable upgrades, resolve vulnerabilities, and provide operational control. Additionally, each smart contract in the system looks to a custodian for approval, creating a chain of custody or "custodianship" for high-risk actions. Content summarized by AI chatbotSource:
https://gemini.com/wp-content/themes/gemini/assets/img/dollar/gemini-dollar-whitepaper.pdfKey figures
-0.02%1Y
-0.88%3Y
1.90%5Y
Performance
1/ 01D
1/ 01M
1/ 01Y
Highs/ Lows
13.09.2022
USD 1.11
All Time High
90.49%
% of All Time High
-19.70%All Time
-1.78%1 year
Max drawdown
#483
Ranking by Market Cap
44.70 M
Market cap (USD)
0.00%
% of Market
293.435 B
Category Market Cap (USD)
0.02%
% of Category
44699458
Circulating Supply
44699458
Liquid Supply
100.00%
Liquid/ Circulating Supply
148548675
Max Supply
30.09%
Circulating/ Max Supply
5259383
Volume Traded
12.33%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
RECOMMENDED CRYPTOS
