![]() GUSD is supported across dozens of DeFi protocols, applications, and exchanges. Users enjoy the transfer happening in seconds and settlement on the Ethereum Blockchain. Read moreĪlso, GUSD is an Ethereum ERC-20 token, fully programmable and ready for use in smart contract development. In addition, it can be used to spend in daily life and to send across borders in seconds to further spend at stores that accept Gemini Pay. GUSD can be used with DeFi Automated Market Makers and other liquidity pools. In addition, holders earn high yields in DeFi by using Gemini Earn. The GUSD can be used to transact on decentralized exchanges, to trade and stake in DeFi. Also, there are no fees to buy or sell GUSD through Gemini. Log in to the Gemini mobile app and on the Market page, tap GUSD to convert fee-free. ![]() It is transparently audited, and there are no compromises: USD reserve audits are published monthly by an independent registered accounting firm, BPM LLP, and the Ethereum smart contract has been audited by Trail of Bits, a leading information security research & development firm. Users can easily convert USD to GUSD for free. GUSD reserves are eligible for FDIC insurance up to $250,000 per user while custodied with State Street Bank and Trust. company regulated by the New York Department of Financial Services. Gemini and the GUSD benefit from the direct supervision and regulatory oversight of the New York State Department of Financial Services (NYDFS). dollar (USD) and is built on the Ethereum network according to the ERC-20 standard. ![]() It is always convertible to exactly $1 at Gemini. Gemini Dollar is a regulated stablecoin, strictly pegged one-to-one to the U.S. ![]() Gemini Dollar (GUSD) is the 1:1 USD-backed stablecoin built by a secure, reliable, and regulated cryptocurrency exchange. They are implementing the industry’s leading security protocols across the platform at par with top financial institutions. The interest compounded daily is up to 8.05% in APY. Unlike other opportunities to earn interest on your cryptocurrency, you will be able to redeem and move your cryptocurrency back to your trading account (plus interest) at any time. The sooner you open an account, you can purchase any amount of cryptocurrency and immediately opt-in to Gemini Earn to begin earning interest on your balance. With Gemini Earn, you can receive up to 8.05% APY on your cryptocurrency, including stable coins. Gemini Earn helps users to put their crypto balance to work. Additionally, you can earn up to 7.4% APY on your crypto held at Gemini. We've hit this milestone in less than six months since its launch this February. Tyler Winklevoss expressed: There is now over $3 billion of crypto earning interest in Earn. The name behind Gemini being Tyler Winklevoss and Cameron Winklevoss will tell you the rest in terms of reputation. The exciting news doing the rounds is that Gemini customers are now earning interest on more than $3 billion in loans that originated through Gemini Earn. As an ERC-20 compliant token, the Gemini dollar can be transferred on the Ethereum network.Gemini Earn (GUSD) To Earn Interest For Your Cryptocurrency 7.4% APY Gemini Earn (GUSD) To Earn Interest For Your Cryptocurrency 7.4% APY Gemini dollar is a cryptographic token built on the Ethereum network according to the ERC-20 standard, and is strictly pegged 1:1 to the U.S. is that the underlying assets are lent out to lending protocols such as Aave and Compound to earn a yield. Gemini implements a number of security measures - including full KYC (Know Your Customer) and AML (Anti-Money Laundering) screening - to ensure that GUSD remains transparent, secure, and regulated for its users. GUSD is also available to trade and custody on a number of other exchanges and is supported by many projects in the crypto ecosystem. dollars on Gemini and redeemed when they are sold for U.S. Gemini dollars are created when they are bought with U.S. The GUSD Ethereum smart contract has also been audited by Trail of Bits, a leading information security research and development firm. By storing GUSD on the Ethereum network, all parties can openly view the total number of GUSD in circulation at any time. ![]() To further maintain transparency, the GUSD ledger itself is stored on the Ethereum blockchain. Gemini dollar is audited on a monthly basis by BPM, a private and independent accounting firm, that ensures there is parity between the amount of USD in reserve and the amount of GUSD in circulation. Gemini dollar is issued by Gemini, a New York trust company regulated by the New York State Department of Financial Services. dollar with the technological advantages of a cryptocurrency. Gemini dollar™ is a stablecoin that combines the creditworthiness and price stability of the U.S. ![]()
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