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    Gemini Dollar price

    Gemini Dollar priceGUSD

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    Gemini Dollar price calculator

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    GUSD
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    1 GUSD = 0.9964 USD
    Last updated 2024-11-21 09:41:23(UTC-0)
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    Gemini Dollar price live data summary

    The live price of Gemini Dollar is $0.9964 per (GUSD / USD) today with a current market cap of $65.95M USD. The 24-hour trading volume is $5.76M USD. GUSD to USD price is updated in real time. Gemini Dollar is -0.24% in the last 24 hours. It has a circulating supply of 66,195,016 .

    What is the highest price of GUSD?

    GUSD has an all-time high (ATH) of $1.27, recorded on 2021-11-16.

    What is the lowest price of GUSD?

    GUSD has an all-time low (ATL) of $0.8521, recorded on 2020-03-12.
    Calculate Gemini Dollar profit

    Gemini Dollar price prediction

    What will the price of GUSD be in 2025?

    Based on GUSD's historical price performance prediction model, the price of GUSD is projected to reach $1.13 in 2025.

    What will the price of GUSD be in 2030?

    In 2030, the GUSD price is expected to change by -9.00%. By the end of 2030, the GUSD price is projected to reach $2.3, with a cumulative ROI of +130.75%.

    Gemini Dollar ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Gemini Dollar (GUSD)

    What is Gemini Dollar?

    The Gemini Dollar (GUSD) is a stablecoin issued by Gemini Trust Company, founded by Cameron and Tyler Winklevoss. It aims to merge the stability of the U.S. dollar with blockchain efficiency. Each GUSD is pegged to a U.S. dollar held in reserve, offering stability not commonly found in other cryptocurrencies like Bitcoin and Ethereum.

    GUSD is regulated by the New York State Department of Financial Services (NYDFS), ensuring compliance with financial regulations and regular audits. This adds credibility and makes it a preferred choice for users seeking a reliable stablecoin. However, it faced a setback in March 2023 when it temporarily lost its 1-to-1 peg, trading at around US$0.97.

    Resources

    Official Whitepaper:https://www.gemini.com/static/dollar/gemini-dollar-whitepaper.pdf

    Official Website: https://www.gemini.com/dollar

    How Does Gemini Dollar Work?

    The operation of the Gemini Dollar (GUSD) is quite straightforward and is supported by a blend of blockchain technology and banking partnerships. When someone wants to buy GUSD, they can easily do so via the Gemini exchange platform. Once purchased, an equivalent amount of U.S. dollars is securely held in reserve by the Gemini Trust Company, stored in a bank account that undergoes regular audits. This setup guarantees that for each GUSD token in circulation, there's a corresponding U.S. dollar held in reserve, thereby maintaining a 1:1 peg between the two.

    Transactions involving GUSD are facilitated on the Ethereum blockchain, serving as the backbone for the token's smart contract. This arrangement enables users to send, receive, and store the token in any wallet that is compatible with Ethereum. Moreover, the smart contract that governs GUSD is carefully coded to ensure the 1:1 peg to the U.S. dollar. It also incorporates features that bolster transparency and allow for periodic auditing.

    What is Gemini Dollar Token (GUSD)?

    The GUSD token is the digital representation of the Gemini Dollar, built on the Ethereum blockchain and compliant with the ERC-20 standard. This enables it to integrate easily with various Ethereum wallets and decentralized applications (DApps).

    Which Factors Affect Gemini Dollar Token (GUSD) Price?

    While GUSD is designed to maintain a stable value of one U.S. dollar, several factors could potentially impact its price. These include:

    - Regulatory Changes: Any alterations in the regulatory landscape, especially from the NYDFS, could influence the stability or utility of GUSD.

    - Market Demand: While the token is pegged to the U.S. dollar, extreme fluctuations in demand could theoretically lead to slight deviations in its price. However, the Gemini Trust Company usually steps in to maintain the peg through a mechanism known as arbitrage.

    - Financial Audits: Results from periodic audits could affect public perception and, consequently, demand. Positive audits affirm trust, while negative outcomes could undermine it.

    - Economic Conditions: Factors like inflation or interest rates affecting the U.S. dollar could indirectly influence the appeal of holding GUSD as a stable asset.

    - Technical Issues: Any vulnerabilities or issues related to the Ethereum blockchain could impact GUSD, although such risks are generally considered to be low.

    Gemini Dollar's Impact on Finance

    GUSD has significantly impacted the financial sector by providing a stable and transparent digital asset that serves as a bridge between traditional fiat currencies and cryptocurrencies. Its features—stability, transparency, and regulatory oversight—have earned it the trust of various stakeholders, from individual investors to financial institutions. By offering a stable and efficient medium for transactions, GUSD has broadened the use-cases for digital assets and contributed to the maturation of the cryptocurrency market.

    Conclusion

    In summary, the Gemini Dollar (GUSD) has been a game-changer in the financial world by offering the stability of the U.S. dollar along with the benefits of blockchain technology. Despite some setbacks, such as its temporary value fluctuation in March 2023, its regulated and transparent nature has made it a trusted option for various stakeholders. GUSD has thus played a pivotal role in making cryptocurrencies more accessible and credible, shaping the future of finance.

    Gemini Dollar price performance in USD

    24h7 days30 days90 days1 yearAll-time
    -0.24%-0.25%-0.19%-0.56%-0.49%-0.36%

    Gemini Dollar price history in USD

    The price of Gemini Dollar is -0.49% over the last year. The highest price of in USD in the last year was $1.06 and the lowest price of in USD in the last year was $0.9714.
    TimeLowHigh
    24h$0.9905$1
    7d$0.9905$1.01
    30d$0.9779$1.01
    90d$0.9733$1.03
    1y$0.9714$1.06
    All-time$0.8521(2020-03-12, 4 years ago )$1.27(2021-11-16, 3 years ago )

    Gemini Dollar market information

    Market cap
    $65,953,899.22
    -0.24%
    Fully diluted market cap
    $148,007,588.38
    -0.24%
    Volume (24h)
    $5,763,561.19
    +130.85%
    Market rankings
    Circulation rate
    +100.00%
    24h volume / market cap
    0.0873
    Circulating supply
    66,195,016 GUSD
    Total supply / Max supply
    66,195,014.14 GUSD
    148,548,675.98 GUSD
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    Gemini Dollar Social Data

    In the last 24 hours, the social media sentiment score for Gemini Dollar was 3, and the social media sentiment towards Gemini Dollar price trend was Bullish. The overall Gemini Dollar social media score was 0, which ranks 1159 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Gemini Dollar being mentioned with a frequency ratio of 0%, ranking 1009 among all cryptocurrencies.

    In the last 24 hours, there were a total of 32 unique users discussing Gemini Dollar, with a total of Gemini Dollar mentions of 6. However, compared to the previous 24-hour period, the number of unique users increase by 7%, and the total number of mentions has decrease by 57%.

    On Twitter, there were a total of 0 tweets mentioning Gemini Dollar in the last 24 hours. Among them, 0% are bullish on Gemini Dollar, 0% are bearish on Gemini Dollar, and 100% are neutral on Gemini Dollar.

    On Reddit, there were 20 posts mentioning Gemini Dollar in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 20% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    0(#1159)
    Social contributors (24h)
    32
    +7%
    Social media mentions (24h)
    6(#1009)
    -57%
    Social media dominance (24h)
    0%
    X
    X posts (24h)
    0
    0%
    X sentiment (24h)
    Bullish
    0%
    Neutral
    100%
    Bearish
    0%
    Reddit
    Reddit score (24h)
    10
    Reddit posts (24h)
    20
    -20%
    Reddit comments (24h)
    0
    0%

    How to buy Gemini Dollar(GUSD)

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    FAQ

    How does Gemini Dollar work?

    GUSD is a stablecoin fully backed by cash, ensuring that for every GUSD in circulation, the Gemini Trust Company, responsible for the Gemini exchange, holds an equivalent amount in their reserves. This guarantees users can always exchange their GUSD for an equal value in US dollars (1 GUSD = $1.00).

    Is Gemini Dollar a good investment?

    The value of the Gemini dollar rises when the value of a dollar rises. If your intention of investing in GUSD is to prevent volatility, then it is a good investment.

    How stable is Gemini Dollar?

    Each GUSD circulating is completely supported by cash or cash-like assets, including bank balances, money market funds, and US treasury bills. At any moment, Gemini users can exchange 1 GUSD for $1 on the Gemini platform.

    How does Gemini Dollar make money?

    Most of the income is derived from transaction charges linked to order amounts. There are fees for deposits and withdrawals, though deposits in cryptocurrencies and Gemini dollars are exempted. Interchange fees are generated from a credit card service that enables everyday purchases.

    Who owns Gemini Dollar?

    Gemini Trust Company, LLC (Gemini) is a U.S.-based digital asset exchange and custodial service where users can purchase, trade, and hold cryptocurrencies. Established in 2014 by the Winklevoss twins, Cameron and Tyler, it's a prominent name in the crypto sector.

    Is staking Gemini Dollar safe?

    Gemini employs cutting-edge HSM infrastructure to handle all cryptographic keys in-house, ensuring heightened security. Moreover, keys associated with unstaking and withdrawal processes are kept in cold storage, adding an extra layer of asset safety

    What is the current price of Gemini Dollar?

    The live price of Gemini Dollar is $1 per (GUSD/USD) with a current market cap of $65,953,899.22 USD. Gemini Dollar's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Gemini Dollar's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Gemini Dollar?

    Over the last 24 hours, the trading volume of Gemini Dollar is $5.76M.

    What is the all-time high of Gemini Dollar?

    The all-time high of Gemini Dollar is $1.27. This all-time high is highest price for Gemini Dollar since it was launched.

    Can I buy Gemini Dollar on Bitget?

    Yes, Gemini Dollar is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.

    Can I get a steady income from investing in Gemini Dollar?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Gemini Dollar with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

    Where can I buy Gemini Dollar (GUSD)?

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    Store Of Value
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    Links
    Gemini Dollar WebsiteGemini Dollar WhitepaperGemini Dollar TwitterGemini Dollar Github

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