GUSD • Gemini exchange USD stablecoin
Fiat BackedSources: Regulatory filings, crypto news outlets
Gemini reached $5 million settlement with CFTC over 7-year-old allegations regarding misleading statements about Bitcoin futures contract manipulation susceptibility. Resolves 2022 lawsuit, clears regulatory overhang.
Sources: Gemini corporate announcements
Gemini relocated European headquarters from Dublin to Malta citing "difference in present-day regulatory landscape." Strategic positioning for more favorable EU crypto regulations and operational efficiency.
Sources: CoinGecko, CoinMarketCap
Price: $1.00 (perfect peg maintenance), Market Cap: $49.12M, Circulating Supply: 49.1M GUSD tokens. Consistent $1.00 peg with minimal deviation demonstrates operational excellence.
Sources: Corporate governance documentation
Cameron Winklevoss (Co-founder and President at Gemini, CEO of WinkDex), Tyler Winklevoss (Co-founder and CEO at Gemini, President of WinkDex). Nearly decade of exchange operation with associated Winklevoss Capital investment firm.
Sources: NYDFS oversight documentation
Among world's first regulated stablecoins with full NYDFS compliance since 2018. Monthly BPM LLP attestations, random audits, full backing with cash, money market funds, US Treasury bills. 1:1 redemption always available.
Sources: Market analysis
Quality focus over scale with regulatory compliance and transparency. 7+ years regulated track record, strictest state crypto regulations, clean record with CFTC settlement resolving historical issues.
Gemini exchange USD stablecoin
Gemini Dollar is a fiat-backed stablecoin, meaning its value is maintained through reserves of traditional currencies, primarily US Dollars. This backing mechanism provides stability and regulatory compliance, making it suitable for mainstream financial applications.
GUSD is issued by Gemini Trust Company LLC under New York State banking regulation. Features the first stablecoin with regulatory approval as a trust company with comprehensive compliance and institutional custody services.
| Network | Standard | Explorer |
|---|---|---|
| Ethereum | ERC-20 | Etherscan |
| Component | Details | Authority |
|---|---|---|
| Issuer | Gemini Trust Company | NY State chartered |
| License | Trust banking charter | NYDFS regulated |
| Backing | USD deposits + T-bills | State Street custody |
| Audits | Monthly attestations | BPM LLP |
| Feature | Implementation | Benefit |
|---|---|---|
| Upgradeable | Proxy pattern | Bug fixes, improvements |
| Pausable | Emergency controls | Regulatory compliance |
| Blacklisting | Address restrictions | AML/compliance |
| Rate Limiting | Transaction controls | Risk management |
| Network | TPS | Block Time | Avg Fee |
|---|---|---|---|
| Ethereum | ~15 | 12s | $5-50 |
| Service | Provider | Focus |
|---|---|---|
| Custody | Gemini Exchange | Institutional grade |
| Trading | Gemini platform | Direct integration |
| Banking Rails | State Street | Traditional finance |
| Earn Program | Gemini Earn | Yield generation |
| Metric | Status | Note |
|---|---|---|
| Market Cap | ~$100M | Institutional focus |
| Launch Date | 2018 | First regulated |
| Strategy | Banking integration | Traditional finance |
| Founders | Winklevoss twins | Established credibility |
GUSD was the first stablecoin issued under full banking regulation by a New York State chartered trust company. Gemini's banking-grade infrastructure and direct custody integration provide institutional-level security and compliance for traditional finance adoption.