Gemini Dollar (GUSD)

What is Gemini Dollar Cryptocurrency? Gemini Dollar (GUSD) is a digital asset released in 2018 by the Gemini Trust Company, the exchanges and custodian owned by famous venture capitalists and twins, Cameron and Tyler Winklevoss. The Gemini Dollar, often referred to as the Winklevoss Dollar, is a stablecoin, meant to imitate the US dollar, meaning it should always keep a consistent value. It is one of the most popular stablecoin options on the market. Who Founded it? The Gemini Dollar was founded by the Winklevoss Twins, Cameron and Tyler. Although Gemini was founded back in 2014, the coin was only released in 2018 after being approved by the New York State Department of Financial Services (NYSDFS). Tyler Winklevoss stated that “Gemini Dollars are the first regulated stablecoins that are fully collateralized one-for-one, and approved for public trading on a regulated exchange". What Makes it Unique? The Gemini Dollar is unique as it is regulated by a US government regulatory agency, something that no other stablecoins are subject to. This ensures that funds are not only secure, but also compliant to federal regulations. Unlike other coins, Gemini Dollars is easily transferable, while maintaining the value of a US dollar, creating a smooth and secure form of payment. Where Does it Used? The Gemini Dollar is used in several different ways and is accepted by many exchanges, including Coinbase, Binance, and Kraken. Gemini’s own exchange is one of the most popular options for trading Gemini Dollar. It is also often used for remittance services, transferring funds between accounts in different currencies, and making payments for goods and services. Where to Buy/Sell It? Gemini Dollars can be bought and sold on a variety of different exchanges and online marketplaces. The most popular option is Gemini’s own exchange, which can be accessed directly on their website. Additionally, GUSD can be bought and sold on Coinbase, Binance, Huobi, Kraken and more.