Institutions
Institutions
Gemini dollar®
The 1:1 USD-backed stablecoin built by a secure, reliable, and regulated cryptocurrency exchange.
Using Gemini dollar
Transact on decentralized exchanges: Use GUSD to trade and stake in DeFi
Provide liquidity: Use with DeFi automated market makers and other liquidity pools
Stable and Fully Backed
GUSD1 is a 1:1 USD-backed stablecoin issued by Gemini. Gemini customers can redeem a GUSD for $1 at Gemini.
Regulated and Insured
Gemini is a U.S. company regulated as a limited purpose trust company by the New York State Department of Financial Services.
Each GUSD corresponds to a U.S. dollar that is held by Gemini as one of the following types of assets: (1) deposits in U.S. Federal Deposit Insurance Corporation ("FDIC")-insured banks, (2) money market funds, invested only in U.S. Treasury Obligations, or (3) U.S. Treasury Obligations. The U.S. dollar cash portion of these GUSD reserves, which may be held at Silvergate Bank, State Street Bank and Trust Company or Signature Bank, may be eligible for FDIC “pass through” insurance for Gemini customers in the event that the bank holding such U.S. dollar cash deposits becomes subject to resolution or similar proceedings by the FDIC.
Overall, Gemini Trust makes use of a centralized system that helps protect against security threats, giving the Gemini dollar key regulatory advantages over many of its competitors.
Transparently Audited
No compromises: Audits of the GUSD reserve are published monthly by an independent registered accounting firm, BPM LLP. The Ethereum smart contract has been audited by Trail of Bits, a leading information security research and development firm.2
Zero Fees
There are no fees to buy or sell GUSD with U.S. dollars on the Gemini Exchange.
Programmable Money
GUSD is an Ethereum ERC-20 token, fully programmable and ready for use in smart contract development.
Fast
Enjoy transfer in seconds and settlement on the Ethereum blockchain.
Supported across dozens of DeFi protocols, applications, and exchanges
Trust and transparency
Review the Gemini dollar smart contract.
Review the Gemini dollar independent security audit.
Review the Gemini dollar whitepaper.
Review the Gemini dollar reserve-funds independent accountant audit reports:
2 Standard fees on select purchase methods such as debit card and certain jurisdictions still apply. Additionally, ERC-20 tokens such as GUSD are programmed using the Ethereum blockchain and will incur gas fees for transfer once under the user’s self-custody.