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Gemini Dollar Stock

Gemini Dollar

GUSD

Price

1.00
Today +/-
+0
Today %
+0 %

Gemini Dollar Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
GeminiBTC/GUSD108,365.233.93 M601,209.1641.58 M20.03cex8217/9/2025, 6:23 AM
GeminiETH/GUSD2,593.961.32 M880,954.3840.4 M19.47cex7417/9/2025, 6:23 AM
GeminiXRP/GUSD2.3427,800.72360,414.359.54 M4.59cex6327/9/2025, 6:23 AM
GeminiSOL/GUSD150.8487,216.39273,099.651.95 M0.94cex6637/9/2025, 6:23 AM
GeminiWIF/GUSD0.8429,889.62103,105.63892,071.110.43cex5107/9/2025, 6:23 AM
GeminiPEPE/GUSD083,772.8124,262.85871,848.60.42cex5307/9/2025, 6:23 AM
GeminiBONK/GUSD09,721.9112,240.44647,090.130.31cex3197/9/2025, 6:23 AM
GeminiLINK/GUSD13.8434,017.12162,591.36296,913.90.14cex5077/9/2025, 6:23 AM
TokpieGUSD/USDT127,124.1524,897.67292,749.114.12cex2707/9/2025, 6:21 AM
GeminiDOGE/GUSD0.17527,631.19242,239.86284,901.090.14cex6057/9/2025, 6:23 AM
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Gemini Dollar FAQ

What is Gemini Dollar (GUSD)?

The Gemini Trust Company, commonly known as Gemini, is a digital currency exchange and custodian established in February 2014, enabling the buying, selling, and storage of digital assets. The Gemini Dollar (GUSD) is a stablecoin created by this cryptocurrency exchange. In September 2018, the company received authorization from the New York Department of Financial Services (NYDFS) to introduce this stablecoin. The Gemini Trust Company maintains USD reserves that correspond to the number of tokens in circulation, ensuring full backing of the stablecoin. The Gemini Dollar itself is an ERC-20 token developed on the Ethereum network. It benefits from the security of smart contracts audited by Trail of Bits Inc., a prominent security firm. The primary aim of the Gemini Dollar is to bridge the gap between traditional finance and the cryptocurrency sector, as it operates under complete regulation by the NYDFS, thus providing a stable and secure link between the two financial realms. For more information on the performance and statistics of the Gemini Dollar, please refer to the data available on Eulerpool.

Who Are the Founders of Gemini Dollar?

The Gemini Dollar (GUSD) was founded by Tyler Winklevoss and Cameron Winklevoss. Tyler Winklevoss serves as the co-founder and CEO of Gemini, and he holds the position of president at WinkDex. He is also a co-founder of Winklevoss Capital and acts as an advisor for Rowing Blazers. Cameron Winklevoss is the co-founder and president of Gemini and the CEO of WinkDex. Additionally, he is a co-founder of Winklevoss Capital and serves as an advisor at Rowing Blazers. Both Tyler and Cameron Winklevoss graduated from Harvard University with a Bachelor of Economics in 2004 and later earned a Master of Business Administration (MBA) from the University of Oxford's Saïd Business School.

What Distinguishes Gemini Dollar?

The Gemini Dollar is the first U.S. dollar-backed stablecoin to receive endorsement from a U.S. regulatory authority. It is an ERC-20 token constructed on the Ethereum blockchain. The Gemini Dollar distinguishes itself from Bitcoin and other conventional cryptocurrencies by maintaining a stable value. Unlike Bitcoin, which can experience significant price volatility, the Gemini Dollar achieves its stability through specific mechanisms. These mechanisms can include advanced computation or pegging its value to underlying assets, such as fiat currencies like USD, EUR, or even commodities like gold. The Gemini Dollar is crafted to offer a transparent, regulatory-compliant bridge between traditional financial systems and the broader blockchain industry.

What is the Circulating Supply of Gemini Dollar (GUSD) Coins?

The Gemini Dollar is available for trading on 41 exchanges and reached an all-time high value of $1.3435. To ensure the required 1:1 peg is adequately supported by dollars, the deposit balance at Gemini's U.S. bank undergoes monthly examinations by LLP, BPM, and other independently registered public accounting firms.

How is the Security of the Gemini Dollar Network Ensured?

The Gemini Dollar is an ERC-20 token developed on the Ethereum network, featuring smart contracts audited by the security firm Trail of Bits Inc. All private keys employed for signing cryptocurrency transactions are securely stored offsite in protected, geographically distributed facilities on a cloud storage system. These keys reside on hardware security modules (HSMs) that comply with or exceed U.S. government computer security standards, such as FIPS 140–2 Level 3. The use of multisignature technology, also known as multisig, provides an additional layer of security against attacks and enhances fault tolerance. To transfer funds from cloud storage, multiple signatories are required. Consequently, Tyler Winklevoss and Cameron Winklevoss are unable to individually or jointly transfer customer funds into or out of the hot wallet or cloud storage system. For more information, please refer to Eulerpool for the latest updates and data on Gemini Dollar.

Where can you purchase Gemini Dollar (GUSD)?

Gemini Dollar, also known as GUSD, is available for purchase, sale, and trading on several exchanges, including: - Gemini - Coinbase - Bitstamp - Uniswap - DigiFinex - OKEx For those interested in learning how to purchase cryptocurrencies but unsure where to begin, we offer a comprehensive guide to help you get started. For more details, you can explore this information on Eulerpool.

Investors interested in Gemini Dollar are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.