Gemini Dollar Price

Gemini Dollar (GUSD) is a cryptocurrency launched in 2018. It operates as a regulated, fiat-collateralized stablecoin — a digital dollar that maintains a strict one-to-one peg with the U.S. dollar under the supervision of the New York Department of Financial Services.

The token functions as a conduit for dollar-denominated value transfer on public blockchains, primarily Ethereum. By collateralizing each token with an equivalent fiat reserve held at a U.S. bank and subject to FDIC pass-through insurance, the structure neutralizes the price volatility endemic to unpegged cryptocurrencies. It addresses the friction of slow, costly fiat on-ramps by offering a liquid, programmable dollar substitute that settles in minutes rather than days.

The Gemini Dollar does not operate its own blockchain; it lives on the Ethereum network as an ERC-20 token. A second representation circulates on the Near Protocol, secured by that chain’s proof-of-stake consensus.

The smart contracts implement the ERC-20 interface, ensuring compatibility with the vast ecosystem of Ethereum wallets, exchanges, and decentralized applications. A rigorous external audit was performed by Trail of Bits, an information security firm, and all findings have been published openly. The contract source code is hosted on GitHub, where the repository has accumulated 103 stars.

Conceived by Cameron and Tyler Winklevoss — founders of the Gemini Trust Company, a licensed exchange and custodian since 2015 — the stablecoin received regulatory approval and began trading on September 10, 2018. The launch followed years of infrastructure development and a growing institutional demand for compliant on-chain dollar instruments. Gemini had already pioneered the first licensed U.S. Ethereum exchange in 2016, setting the stage for a regulated token issuance.

The broader mission is to establish a fully auditable, regulated digital dollar that can integrate into both legacy financial infrastructure and decentralized protocols. Monthly attestation reports from an independent registered public accounting firm verify the 1:1 reserve backing, and the underlying deposits benefit from FDIC pass-through insurance. This construct attempts to reconcile programmable money’s efficiency with traditional consumer protections.

Mechanically, the token acts as a redeemable claim on fiat reserves, with Gemini Trust Company serving as the sole issuer and redeemer. Users mint new GUSD by depositing U.S. dollars into a Gemini account and executing a conversion; they redeem tokens by reversing the process, receiving dollars at par. On-chain, the asset behaves as a standard ERC-20 token, enabling programmable transfers, atomic swaps, and integration into lending pools and automated market makers.

Traders convert volatile holdings into GUSD to lock in profits without exiting the crypto ecosystem, while arbitrageurs exploit its pegged value across 187 active trading markets. DeFi lending protocols accept the token as collateral, allowing users to borrow other assets or earn yield without directional price risk. Exchanges list GUSD as a stable quote currency, facilitating instantaneous settlement between fiat and crypto trading pairs.

Gemini Dollar has a maximum supply of 148,548,675.98 tokens. Currently, 41,164,471.57 are in circulation. The total supply is identical to the circulating supply at 41,164,471.57 tokens, indicating that no additional tokens are held in reserve by the issuer. With a market capitalization of $41,160,021, Gemini Dollar ranks #542 among all cryptocurrencies.