The Gemini dollar (GUSD) is an ERC20 stablecoin that allows holders to send and receive USD across the Ethereum network.

Website https://www.gemini.com/dollar

Gemini Dollar, known by the ticker GUSD, is a regulated stablecoin issued by Gemini Trust Company, a US-based cryptocurrency exchange founded by the Winklevoss twins. GUSD is designed to maintain a 1:1 value with the US dollar, meaning each token is backed by an equivalent amount of cash or cash equivalents held in reserve. These reserves are kept with regulated financial institutions and are subject to regular third-party audits, adding transparency and trust.

Gemini Dollar operates on the Ethereum blockchain as an ERC-20 token, making it compatible with wallets, exchanges, and decentralised finance applications. It is commonly used for trading, payments, and transferring value without the volatility seen in traditional cryptocurrencies. Because it is regulated under New York financial laws, GUSD is often viewed as a safer option for users who prioritise compliance, stability, and clear regulatory oversight in the crypto market.