GUSD

GUSD (Gemini Dollar) is a regulated, USD-backed stablecoin issued by Gemini Trust Company, a New York trust company founded by the Winklevoss twins. It maintains a strict 1:1 peg with the US Dollar and operates under NYDFS oversight.

How It Works

Each GUSD token is backed by one US Dollar held in FDIC-insured bank accounts. Gemini publishes monthly examinations by independent registered public accounting firms to verify that the USD reserves match the number of GUSD tokens in circulation.

Key Features

• Regulatory Approval: Issued under NYDFS banking regulations
• Monthly Examinations: Independent CPA examinations (not just attestations)
• ERC-20 Standard: Built on Ethereum blockchain
• Full Backing: 100% backed by USD held in U.S. banks
• Direct Redemption: Can be redeemed 1:1 for USD through Gemini

Regulatory Standing

GUSD is one of the most regulated stablecoins in the market. As a product of a New York-chartered trust company, it's subject to the same banking regulations and examinations as traditional financial institutions.

Use Cases

GUSD is primarily used by investors seeking a highly-regulated stablecoin option, institutional treasury management, and DeFi applications where regulatory compliance is a priority.