Gemini Dollar
Market Open
7 May, 15:41
$
0. 999000
0
0%
$
22,204 Volume
$ 0.999
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GUSDUSD Overview
GUSDUSD represents the price of the Gemini Dollar (GUSD) denominated in US dollars (USD). It indicates the amount of USD required to buy one GUSD and is used to track the stablecoin’s market value relative to fiat.
Gemini Dollar is a fiat-collateralized stablecoin introduced in September 2018 by the Gemini exchange (founded by the Winklevoss twins) in partnership with Paxos Trust Company. GUSD is an ERC-20 token on the Ethereum blockchain, issued by a regulated trust and designed to be backed on a one-to-one basis by USD reserves subject to regular attestation.
The quoted GUSDUSD rate is formed on trading venues where GUSD is listed and reflects supply and demand dynamics, liquidity, exchange fees and short-term sentiment. Redemption and issuance mechanisms, along with arbitrage between fiat rails and crypto markets, generally work to keep the price close to its $1 peg, while regulatory developments, operational issues or market stress can produce short-lived deviations.
GUSDUSD is important for traders and investors who require a dollar-equivalent instrument on-chain for settling trades, managing exposure, or providing collateral. It facilitates rapid transfers between crypto markets and fiat value preservation without immediate conversion to bank-held dollars.
Although the pair typically exhibits low volatility relative to non-pegged cryptocurrencies, liquidity and trading conditions vary by platform, which can affect spreads and execution.
Gemini Dollar is a fiat-collateralized stablecoin introduced in September 2018 by the Gemini exchange (founded by the Winklevoss twins) in partnership with Paxos Trust Company. GUSD is an ERC-20 token on the Ethereum blockchain, issued by a regulated trust and designed to be backed on a one-to-one basis by USD reserves subject to regular attestation.
The quoted GUSDUSD rate is formed on trading venues where GUSD is listed and reflects supply and demand dynamics, liquidity, exchange fees and short-term sentiment. Redemption and issuance mechanisms, along with arbitrage between fiat rails and crypto markets, generally work to keep the price close to its $1 peg, while regulatory developments, operational issues or market stress can produce short-lived deviations.
GUSDUSD is important for traders and investors who require a dollar-equivalent instrument on-chain for settling trades, managing exposure, or providing collateral. It facilitates rapid transfers between crypto markets and fiat value preservation without immediate conversion to bank-held dollars.
Although the pair typically exhibits low volatility relative to non-pegged cryptocurrencies, liquidity and trading conditions vary by platform, which can affect spreads and execution.
GUSDUSD Chart
Securitize integrates USDG into investor flows via Global Dollar Network
Securitize's USDG integration could reshape institutional DeFi by enhancing liquidity, but it also introduces risks tied to credit and infrastructure. Securitize integrates USDG into investor flows via Global Dollar Network.
Cryptobriefing | 1 week ago
Paxos-issued USDG adds $94M on Robinhood Chain in 30 days
The rapid growth of USDG on Robinhood Chain highlights the increasing appeal of high-yield stablecoins, potentially reshaping financial ecosystems. Paxos-issued USDG adds $94M on Robinhood Chain in 30 days.
Cryptobriefing | 3 weeks ago
Paxos' USDG reaches $929M in deposits across DeFi venues
USDG's rapid DeFi adoption highlights a shift towards stablecoins as active financial instruments, enhancing their role in decentralized finance. Paxos' USDG reaches $929M in deposits across DeFi venues.
Cryptobriefing | 3 weeks ago
GUSDUSD FAQ
What is the current Gemini Dollar price?
The current price is $0.999000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by 0 (0%), showing how much the asset has moved compared to the previous close.
What is the previous close for Gemini Dollar?
The previous close was $0.999000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (0%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($0.999000) and highest ($1.001000) prices traded during the selected period, helping assess volatility.
Why is Gemini Dollar (GUSD) moving today?
Price movements in Gemini Dollar are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($0.999000) is below the previous close ($0.999000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for Gemini Dollar?
You can view real-time charts, price updates, and market data for Gemini Dollar (GUSD) directly on this page.
