The live price of Gemini Dollar (GUSD) stands at $1.00, with a 24-hour trading volume of $89.33 million. Updated in real time, this data reflects the current market activity for one of the earliest regulated stablecoins. Over the past hour, GUSD has seen a minimal price shift of -0.02%, while registering a slight decline of -0.06% over the last 24 hours. With a circulating supply of 46.98 million tokens, the market capitalization of Gemini Dollar is currently $46.98 million—calculated by multiplying the live price by the number of coins in circulation.
GUSD maintains a maximum supply equal to its circulating supply, indicating no planned future issuance beyond the current amount. This fixed supply model supports transparency and aligns with its role as a trust-based digital dollar.
What Is Gemini Dollar (GUSD)?
Gemini Dollar, commonly referred to as GUSD, is among the world’s first regulated stablecoins. It was launched by Gemini Trust Company, LLC—a New York-based digital asset exchange and custodian founded by Cameron and Tyler Winklevoss. As a trust company regulated by the New York State Department of Financial Services (NYDFS), Gemini ensures that GUSD operates under strict compliance standards.
Each GUSD token is fully backed by one U.S. dollar held in reserve, maintaining a consistent 1:1 peg to the USD. This dollar parity makes it an ideal medium for digital transactions, remittances, trading, and value storage in the cryptocurrency ecosystem.
As an ERC-20 token built on the Ethereum blockchain, GUSD benefits from Ethereum’s robust security, decentralization, and wide integration across decentralized applications (dApps), wallets, and exchanges.
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Key Metrics and Market Performance
Market Capitalization: $46.97 Million
The current market cap of Gemini Dollar is $46.97 million. Market capitalization serves as a key indicator of investor confidence and relative size within the crypto market. While not among the largest stablecoins like USDT or USDC, GUSD holds a niche position due to its strong regulatory foundation and audit transparency.
A higher market cap generally signals greater adoption and stability—qualities essential for a reliable stablecoin used in trading, lending, or cross-border payments.
24-Hour Trading Volume: $89.33 Million
In the past day, $89.33 million worth of GUSD has been traded across various exchanges. This represents healthy liquidity and active usage in both centralized and decentralized markets.
Despite a minor decrease of -0.06% compared to the previous day, the consistent trading volume suggests ongoing demand for GUSD as a trusted bridge between traditional finance and blockchain-based systems.
Current Price: $1.00
The price of one Gemini Dollar remains firmly at $1.00—a result of its design as a fully collateralized, redeemable stablecoin. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, GUSD’s value is engineered for stability.
Regular attestations by independent accounting firms ensure that reserves match the circulating supply, reinforcing trust in its price integrity.
Circulating Supply: 46.98 Million GUSD
There are currently 46.98 million GUSD tokens in circulation—identical to its maximum supply. This capped model differs from some other stablecoins that may expand supply based on demand.
This finite issuance enhances predictability and reduces concerns about inflationary practices, making GUSD particularly appealing to compliance-focused institutions and risk-averse users.
Why Gemini Dollar Stands Out in the Stablecoin Ecosystem
While numerous stablecoins exist today, GUSD differentiates itself through regulatory compliance, transparency, and institutional credibility.
Launched in September 2018, GUSD was one of the first stablecoins to receive formal approval from the NYDFS. Each month, an independent auditor verifies that Gemini holds sufficient U.S. dollar reserves to back every GUSD token in circulation.
Additionally, GUSD supports seamless interoperability across DeFi platforms. Users can lend, borrow, or earn yield using GUSD on Ethereum-based protocols such as Aave and Curve Finance—making it more than just a store of value.
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Use Cases and Adoption
Gemini Dollar serves several critical functions in the digital economy:
- Trading Pair: Used as a stable base pair on exchanges for entering and exiting volatile positions without converting back to fiat.
- Remittances: Enables fast, low-cost international transfers with minimal exchange rate risk.
- Decentralized Finance (DeFi): Integrated into lending protocols and liquidity pools where price stability is crucial.
- Smart Contract Settlements: Provides a reliable unit of account for automated blockchain applications.
- Institutional Settlements: Offers regulated entities a compliant way to transact digitally while maintaining audit trails.
Its presence on Ethereum also allows developers to incorporate GUSD into new financial products through smart contracts.
FAQ: Frequently Asked Questions About Gemini Dollar
Q: Is Gemini Dollar truly backed 1:1 with U.S. dollars?
A: Yes. Every GUSD token is fully backed by one U.S. dollar held in reserve accounts at FDIC-insured U.S. banks. Monthly attestations by independent auditors confirm these reserves.
Q: Can I redeem my GUSD for cash?
A: Yes. Authorized users can redeem GUSD directly through the Gemini platform for an equivalent amount in U.S. dollars, subject to identity verification and compliance checks.
Q: How does GUSD differ from other stablecoins like USDC or DAI?
A: GUSD stands out due to its status as a regulated trust-issued stablecoin under NYDFS oversight. While USDC is also regulated, GUSD was among the first to achieve this distinction. Compared to DAI—an algorithmic stablecoin—GUSD is fully backed by cash reserves rather than crypto-collateralized debt positions.
Q: Is GUSD available on blockchains other than Ethereum?
A: Currently, GUSD is issued exclusively as an ERC-20 token on the Ethereum blockchain. There are no official versions on other networks like Binance Smart Chain or Solana.
Q: Why has GUSD’s market cap remained relatively small compared to other stablecoins?
A: While GUSD pioneered regulatory compliance, larger players like USDT and USDC achieved broader exchange listings and ecosystem integrations early on. However, GUSD continues to serve a specialized role for users prioritizing transparency and regulatory adherence.
Q: Is it safe to hold GUSD long-term?
A: Yes, provided you use secure wallets and follow best practices for private key management. Since its launch, GUSD has maintained its peg without depegging events, thanks to rigorous oversight and full collateralization.
Final Thoughts
Gemini Dollar represents a milestone in the evolution of digital currencies—a bridge between traditional financial regulation and blockchain innovation. Though smaller in scale than dominant stablecoins, its commitment to compliance, monthly audits, and transparency gives it enduring relevance in an industry increasingly focused on legitimacy and trust.
For traders seeking stability, developers building DeFi applications, or institutions exploring blockchain solutions, GUSD offers a dependable, audited, and legally sound digital dollar option.
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As the regulatory landscape evolves and global adoption grows, assets like GUSD may play a pivotal role in integrating blockchain technology into mainstream financial infrastructure—offering a glimpse into a future where digital money is both innovative and accountable.