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Gemini USD

Gemini USD (GUSD)

$ 1.00
0.02 %
Main info
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Comments
Markets
Analytics
Market cap
$50.46M
0.02 %
Volume (24h)
$458.54K
0.02 %
Circulating supply
50,485,920 GUSD
Total supply
50,485,920 GUSD
Max. supply
148,548,676 GUSD

About Gemini USD

Overview of the Gemini Dollar

The Gemini dollar (GUSD) is an ERC20 stablecoin that allows holders to send and receive USD across the Ethereum network. The Gemini dollar can be exchanged for other cryptocurrencies on other exchanges offering different trading pairs. Gemini Trust Company controls the creation or "minting" of all GUSD. Since it's backed by American Currency on a 1-to-1 exchange rate with the USD, the Gemini dollar can be redeemed at any point for 1 USD on Gemini.

The Future of Digital Assets

Digital assets like bitcoin and ether have tremendous potential to reshape the global financial system and enable possibilities previously unimaginable. For this to happen, the island of digital assets must be connected to the financial mainland. Gemini is your bridge to the future of money.

Security and Trust

In order to build a real and sustainable bridge between the old world of money and new world of money, both individuals and institutions need to feel safe and secure whenever they traverse it. This is why our team consists of the top technologists and security engineers. We built Gemini with a “security-first” mentality from day one and continue to adhere to this principle as we build new features and improve the Gemini experience.

Key data

updated $0
Market cap$50.46M
Volume 24h$458.54K
Circulating supply50.49M34% of max 148.55M

Gemini USD (GUSD) is a regulated stablecoin issued by Gemini, a cryptocurrency exchange founded by the Winklevoss twins. Each GUSD token is backed 1:1 by US dollars held in reserve, so its price is designed to stay close to $1. It runs as an ERC-20 token on the Ethereum blockchain, which means it can be sent anywhere in the world using a standard Ethereum wallet.

Frequently asked questions

What is Gemini USD and how is it different from other stablecoins?

GUSD is a US dollar-pegged stablecoin created by the Gemini exchange. Its main distinguishing feature is regulatory oversight: it was launched under the supervision of the New York State Department of Financial Services (NYDFS), which was unusual for a stablecoin at the time. Like other fiat-backed stablecoins, it aims to maintain a 1:1 value with the US dollar through reserves.

How does Gemini USD work technically?

GUSD is an ERC-20 token on the Ethereum blockchain, with its smart contract at 0x056fd409e1d7a124bd7017459dfea2f387b6d5cd. Transfers rely on Ethereum's proof-of-stake consensus, so the token inherits the network's security and finality. The contract has been audited, and the code allows public verification of the total token supply.

How is GUSD issued and redeemed?

New tokens are minted when users deposit US dollars with Gemini, and burned when dollars are withdrawn, keeping the supply matched to reserves. Gemini states that the underlying funds are held at US banks and regularly examined by an independent accounting firm. This monthly attestation is published so anyone can check that reserves match the circulating supply.

How can I store and use Gemini USD?

Since GUSD is an ERC-20 token, any Ethereum-compatible wallet works — MetaMask, hardware wallets like Ledger, or custody within the Gemini exchange itself. Common uses include trading pairs on exchanges, sending dollar value quickly with low fees, and parking funds during market volatility. You can also redeem GUSD for actual dollars through Gemini's platform.