Stablecoins like Gemini Dollar (GUSD) is often used as a store of value. Gemini Dollar was initially launched on Gemini Exchange and can be used in an online shop to pay for all sorts of things. It has been designed to provide investors with liquidity, stability, and transparency on the cryptocurrency market. With Gemini USD, you can pay with a stablecoin and be sure that the price of your ticket or merchandise will not fluctuate. Gemini dollar is a token that is fully backed by the US dollar and the only purchasing power change might come from exchange rate fluctuations for the USD. The token has a 1:1 value to the USD and can be used to pay for products and services in an online shop or while waiting to go into another cryptocurrency.
A Bit About Gemini Dollar
GUSD is a stablecoin created by the Gemini Exchange, a cryptocurrency exchange owned by the Winklevoss twins. The coin is fully collateralized and built on the Ethereum blockchain. The Gemini Dollar is backed by one US dollar and can be exchanged for fiat currencies such as USD and EUR over the counter (OTC) in any one of Gemini's regulated markets.
The 1:1 USD-backed stablecoin made by Gemini.CryptoLists.com
Gemini dollar is a USD-backed stablecoin that allows for the instant transfer of USD between blockchains. The Gemini dollar bridges the traditional banking system and the crypto economy. Gemini USD is a stablecoin that is pegged to USD 1:1. This means that for every Gemini dollar issued, there is a US dollar held in the bank account of the Gemini Trust Company. The token is fully collateralized and built on the Ethereum blockchain using the ERC20 protocol.
Utility of Gemini Dollar?
Gemini USD is used by institutional investors and traders as a way to hedge against fluctuations in the market. GUSD can also be used by companies looking to raise capital or individuals looking to invest in cryptocurrenc
Gemini Dollar Price detailsERC20 Contract address: 0x056Fd409E1d7A124BD7017459dFEa2F387b6d5Cd
›› Details & Tokenomics
›› GUSD tokenomics and social media
Advantages of Gemini Dollar+ Secure and Stable.
+ Great for trading at the Gemini Exchange.
+ GUSD has a stable price that is pegged to the US Dollar.
+ All transfers are fully collateralized & backed by a stable USD price.
+ The two Winklevoss brothers are behind Gemini Exchange.
Disadvantages- The only fiat currency that can be used is the US dollar.
- The price of Gemini Dollar is fixed to the US Dollar.
- There is no interest rate offered on Gemini Dollar.
- The value of Gemini USD is not guaranteed.
Costs▪ Rated at 8/10
The cost to use GUSD depends on the transfer method and which exchange you use. The cost of sending GUSD from one wallet to another on the Ethereum network will be 1 GUSD = $1 on most crypto platforms and exchanges. Similarly, when using Gemini's regulated markets, you will be charged 1 GUSD = $1 in fiat currency.
Reputation and Buzz▪ Reputation rated at 7/10
▪ Buzz rated at 7/10
Gemini dollar is one of the most popular stablecoin on the market. This is mainly due to the high demand for stablecoins used by cryptocurrency traders. Gemini dollar is backed by a US dollar, and its value will be maintained by the Gemini Trust Company. As such, there is no volatility in the price of the coin as it is fully collateralized.
What Do You Gain By Owning This Coin/Token?
Owning Gemini USD allows you to:
+Have a stable and tradable US dollar-backed token with a 1:1 value.
+Deposits and withdrawals are facilitated by the Gemini Exchange.
+The GUSD is fully collateralized and built on the Ethereum blockchain.
What is The Value of GUSD?
The value of GUSD depends on the market. The price of GUSD will be 1 USD = 1.00 GUSD. The price of GUSD will fluctuate depending on the market.
How Can I Buy GUSD?
GUSD can be bought on the Gemini Exchange by sending your Ethereum from the Gemini Exchange to GUSD.
How can i sell GUSD?
GUSD can be sold on the Gemini Exchange by sending your Ethereum from the Gemini Exchange to your desired currency.
Can I send my GUSD to an external wallet?
Yes, of course. You can send Gemini USD to any Ethereum Wallet and it can be used by multiple DEX such as Uniswap or TrustWallet. Many exchanges also support Gemini Dollar, such as BitMarket, BitPay, CEX.io or OKEX.
Screenshots from Gemini Dollar
Related crypto site? Learn more about GeminiGUSD is a utility token for the exchange Gemini, so it's worth reading more about the company behind below.
Gemini is a crypto exchange developed in 2014 by twin brothers Tyler and Cameron Winklevoss. This pair is popular for suing Mark Zuckerberg for creating Facebook. This exchange is available in 50 US states and over 50 countries worldwide. Unlike other exchanges, this exchange is licensed and controlled by the New York State Department of Financial Service. The Financial Conduct Authority(FCA) allows the platform also to offer its services to customers in the UK. Gemini claims to be highly secure than other platforms. What are you waiting for?...
›› Read our full Gemini review here or more directly at their website here.
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