Gemini Dollar (GUSD)
Gemini Dollar (GUSD) is a regulated, USD-backed stablecoin on Ethereum designed for secure, transparent, and efficient digital payments and DeFi use.
Overview
Gemini Dollar (GUSD) is a U.S. dollar-backed stablecoin issued by Gemini, combining the stability and creditworthiness of the USD with the speed and programmability of blockchain technology. Launched in 2018, GUSD is an ERC-20 token on Ethereum, fully regulated by the New York State Department of Financial Services (NYDFS). It is designed for developers and enterprises seeking a transparent, secure, and compliant digital dollar for payments, trading, and decentralized finance (DeFi) applications.
GUSD is fully backed 1:1 by U.S. dollars held in segregated accounts, including cash, money market funds, and U.S. Treasury obligations. Monthly attestations by an independent accounting firm (BPM LLP) verify these reserves, ensuring transparency and trust. The smart contract code is open source and audited by Trail of Bits, providing security assurances for developers integrating GUSD into their applications.
Users can convert USD to GUSD fee-free via the Gemini platform and use it for instant settlement in DeFi protocols, liquidity pools, and NFT marketplaces like OpenSea and Nifty Gateway. GUSD supports real-world use cases such as paying employees or vendors globally with blockchain efficiency and lower costs compared to traditional banking. Its regulatory compliance and FDIC pass-through insurance on cash reserves make it suitable for institutional use and enterprise tokenization projects.
To get started, developers can access the open-source smart contract on GitHub and integrate GUSD into Ethereum-based applications. Gemini’s comprehensive documentation and monthly reserve reports provide ongoing transparency. GUSD’s broad adoption across DeFi protocols and exchanges makes it a reliable stablecoin choice for building financial products and digital payment solutions.
The Problem
Stablecoins often face challenges around regulatory compliance, transparency of reserves, and trustworthiness, which can limit their adoption in regulated financial environments. Additionally, users and developers need a stable digital dollar that is secure, fully backed, and easily integrated into blockchain applications without hidden fees or delays.
The Solution
Key Features
1:1 USD Backing
Every GUSD token is backed by one U.S. dollar or equivalent cash equivalents held in segregated accounts.
Fee-Free USD to GUSD Conversion
Users can convert USD to GUSD without fees via the Gemini platform.
Instant Settlement on Ethereum
GUSD transfers settle instantly on the Ethereum blockchain, enabling fast payments and DeFi interactions.
Key Strengths
How Developers Use Gemini Dollar (GUSD)
Stablecoin Payments for Businesses
Enterprises use GUSD to pay employees, vendors, and partners globally with instant blockchain settlement and lower costs than traditional banking.
DeFi Liquidity and Staking
DeFi developers integrate GUSD into liquidity pools, staking protocols, and lending platforms to provide a stable asset for users.
NFT Marketplace Transactions
NFT platforms like OpenSea and Nifty Gateway accept GUSD for buying and selling digital art, leveraging its price stability and blockchain efficiency.
Works Well WithEthereum
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Pricing
Standard | |
|---|---|
| Price (Monthly) | Free |
| Price (Annual) | Free |
| Messaging | N/A |
| Support | Community support via Gemini Help Center |
| Analytics |
Resources
Gemini provides comprehensive resources including open-source smart contract code, monthly reserve attestations, and detailed documentation to support developers and users integrating GUSD.