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GUSD News - Blockchain.News

GUSD

The Gemini Dollar (GUSD) is a stablecoin created by the cryptocurrency exchange Gemini, founded in February 2014. Launched in September 2018 with approval from the New York Department of Financial Services (NYDFS), GUSD is an ERC-20 token built on the Ethereum network. The Gemini Trust Company holds USD deposits corresponding to the number of GUSD tokens in circulation, ensuring a 1:1 peg to the U.S. dollar. Smart contracts governing GUSD have been audited by the security company Trail of Bits Inc. As a fully regulated stablecoin by the NYDFS, GUSD aims to bridge the gap between traditional finance and the crypto industry, providing a secure and stable medium for digital asset transactions.

gusd

MakerDAO Keeps USDC as Primary Collateral for Dai

MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.

by Luisa Crawford
Mar 26, 2023

gusd

Alternatives of USDT Gained Wider Merchant Access including Microsoft

Currently, BitPay supports Bitcoin, Bitcoin Cash, and Ether Payments. As of recent, the blockchain payment processor will now accept Circle USD, Gemini Dollar, and Paxos Standard Token.

by Drishti Bhagat
Dec 11, 2019

GUSD

MakerDAO Keeps USDC as Primary Collateral for Dai

Alternatives of USDT Gained Wider Merchant Access including Microsoft

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