Gemini Dollar review details (GUSD)



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Gemini Dollar is a stablecoin, a digital currency that uses a method to control its value and prevents the price from fluctuating. The coin is fully collateralized and built on the Ethereum blockchain. The Gemini dollar is the first stablecoin using the Gemini Trust Company as its custodian. It can be exchanged for fiat currencies such as USD and EUR over the counter (OTC) in any one of Gemini's regulated markets.
GUSDUSD (0.32%)
$0.9829
August 18, 2022, 3:31 pm [UTC]

8.17 rating

›› Buy/Sell the Gemini Dollar here

 

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.

 

Briefly 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 details

ERC20 Contract address: 0x056Fd409E1d7A124BD7017459dFEa2F387b6d5Cd




Very speculative and theoretical potential data
Last updated: August 18, 2022, 1:59 pm
›› GUSD tokenomics and social media
 

Advantages at 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.
 

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.

 

FAQ

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.

›› Trade the Gemini Dollar here›› Buy/Sell the Gemini Dollar here

Screenshots from Gemini Dollar

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More sites where to buy/sell/trade Gemini Dollar

Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
ETH/GUSD, BTC/GUSD
 

Gemini Dollar details and tokenomics

Gemini Dollar Ticker: GUSD
ERC20 Contract address: 0x056Fd409E1d7A124BD7017459dFEa2F387b6d5Cd
Type of crypto: token-erc20
Launch/ICO Date: September 8, 2018
Resources & Social media
Blockchain URL: https://etherscan.io
 

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