Gemini dollar (GUSD) is a 1:1 USD-backed stablecoin.
Gemini dollar (GUSD) is thea 1:1 USD-backed stablecoin built by a secure, reliable, and regulated cryptocurrency exchange.
Gemini dollar price today is ₽76.51 rubles. with a daily trading volume of ₽133,470,466 rubles. We update our GUSD to RUB price in real time. The Gemini Dollar is down 0.04 in the last 24 hours. The current CoinMarketCap rating is #181 with an income capitalization of ₽20,481,643,769. The circulating supply is 267,715,086 GUSD coins and max. no offer.
Gemini Trust Company (Gemini) is a digital currency exchange and custodian that allows you to buy, sell and hold digital assets founded in February 2014. GUSD was created by the Gemini cryptocurrency exchange.
The company received approval from the New York City Department of Financial Services or NYDFS to launch a stablecoin in September 2018. It is considered one of the first stablecoins, just like Paxos. The Gemini Trust Company holds deposits in US dollars corresponding to the number of tokens in circulation.
As for the Gemini Dollar itself, it is an ERC-20 token created on the Ethereum network and has smart contracts that are verified by the security company Trail of Bits Inc.
This dollar is meant to bridge the gap between traditional finance and the crypto industry due to the fact that this particular stablecoin is fully regulated by the NYDFS.
The founders of the Gemini Dollar (GUSD) are Tyler Winklevoss and Cameron Winklevoss.
Tyler Winklevoss is the co-founder and CEO of Gemini, as well as the president of WinkDex and co-founder of Winkevoss Capital. Tyler Winklevoss is also an advisor to the Rowing Blazers.
Cameron Winklevoss is the co-founder and president of Gemini, as well as the CEO of WinkDex and co-founder of Winkevoss Capital. Cameron Winklevoss is also an advisor to the Rowing Blazers.
They both graduated from Harvard University with a bachelor's degree in economics in 2004 and received their Master of Business Administration (MBA) from Oxford University's Said Business School.
The Gemini Dollar is the first USD-backed stablecoin to receive US regulatory approval. This is an ERC-20 token built on Ethereum.
The Gemini dollar differs from bitcoin and other traditional cryptocurrencies in that it is able to maintain a stable value. This is not like Bitcoin, for example, which can have wild price fluctuations. To achieve this stability in terms of cost, certain things are used. This can be done through advanced calculations or by linking the value to underlying assets such as fixed currencies such as US dollars, euros or even gold. The Gemini Dollar is intended to provide transparent communication between traditional financial systems and the blockchain industry in relation to regulatory complaints.
The Gemini dollar can be traded on 41 exchanges, and its all-time high value was $1.3435.
To ensure that the required 1:1 peg is backed by dollars, the US Gemini bank deposit balance is reviewed monthly by LLP, BPM and independent registered accounting firms.
Gemini Dollar is an ERC-20 token created on the Ethereum network. He has smart contracts that are verified by the security company Trial of Bits Inc.
All private keys that are used to sign cryptocurrency transactions are stored away from the office in secure, secure and geographically dispersed locations in the cloud storage system.
The keys exist in hardware security modules, also known as HSMs, that meet or exceed US government computer security standards such as FIPS 140-2 Level 3.
Also implemented is multi-signature technology, also known as multi-signature, which provides an additional layer of protection against attacks and increased fault tolerance.
Multiple signers are required to transfer funds from cloud storage. This means that Tyler Winklevoss and Cameron Winklevoss cannot individually or jointly transfer customer funds to or from a hot wallet or cloud storage system.
Gemini Dollar or GUSD can be bought, sold and traded on multiple exchanges including: Hoo, XT, DigiFinex, BitMart, OKEx.