Gemini Dollar

The Gemini Dollar is a fiat-backed stablecoin issued by Gemini Trust Company, LLC, a New York trust company, designed to maintain a one-to-one value with the U.S. dollar on a blockchain. It is intended for people and institutions who want to move or hold U.S. dollar value on the Ethereum network without exposure to the price swings typical of most digital assets. The project describes itself as the world's first regulated stablecoin, positioning it toward users who place weight on regulatory oversight and audited reserves.

Each Gemini Dollar token is an ERC-20 token on the Ethereum network, issued by Gemini Trust Company in exchange for U.S. dollars deposited at a U.S. bank, where those deposits are eligible for FDIC pass-through insurance subject to applicable limitations. The corresponding U.S. dollar balance is examined monthly by an independent registered public accounting firm to verify the one-to-one backing, and the smart contract code has been audited by Trail of Bits, Inc. The token itself does not involve a native consensus algorithm; it settles on the Ethereum network and the block time shown in the data is recorded as zero, reflecting that GUSD is not a standalone blockchain.

The data stored for Gemini Dollar does not include a protocol fee stream, meaning there are no fee-based metrics such as revenue, fee yield, or fee recipients recorded on this page. The token's economic model, as described, centers on maintaining the dollar peg rather than generating protocol-level income. The circulating stablecoin supply stands at 36,221,389.89 tokens on a point-in-time basis, and that supply has changed by negative 7.528763 percent over the last 30 days, which is the principal quantity to monitor in place of fee-based measures.