Gemini Dollar
GUSD
Average
0
3.62K
26.63K
Average
0
57
385
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0
37
51
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4
89
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Gemini Dollar Info
Gemini Dollar Team
OrganizationsGemini Dollar Intro
The Gemini dollar — the world’s first regulated stablecoin — combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators.
Gemini was founded four years ago with a mission: build a bridge to the future of money. Gemini dollar aims to combine creditworthiness and price stability of the U.S. dollar with blockchain and the oversight of U.S. regulators, the New York State Department of Financial Service.
The Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company.built on Ethereum network according to ERC20 token standards .Starting 10th September 2018, you will be able to convert U.S. dollars in your Gemini account into Gemini dollars and withdraw them to an Ethereum address. You will also be able to automatically convert GUSD back as USD into your Gemini account. GUSD is expected to be listed on Bibox soon.
U.S. dollars that correspond to the Gemini dollars issued and in circulation are held at a U.S. bank and eligible for FDIC “pass-through” deposit insurance, subject to applicable limitations.The U.S. dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. All Independent Accountants’ Reports are published and available here.
Above are only for introduction, not intended as investment advice.
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Q&A about Gemini Dollar Tokenomics
Explore the tokenomics of Gemini Dollar (GUSD) and review the project details below.
What is the allocation for Gemini Dollar (GUSD)?
GUSD does not have an initial allocation.
What is the supply schedule for Gemini Dollar (GUSD)?
GUSD is a stablecoin. When users purchase GUSD from Gemini, the company will deposit the corresponding amount of US dollars in its bank account, and then issue the corresponding amount of GUSD on the blockchain.
On the other hand, when users want to exchange GUSD for US dollars, they can send GUSD to Gemini Company. The company will withdraw the corresponding amount of US dollars from its bank account for the user, and then destroy/burn the corresponding amount of GUSD.
Now the Circulating Supply of GUSD means the difference between GUSD mint and burn, you can find the latest amount on https://www.gemini.com/dollar
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