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. It is intended for people and institutions who want to move U.S. dollar value across blockchain networks without exposure to the price swings typical of other digital assets. The project positions itself as the first regulated stablecoin, combining dollar-denominated stability with the transferability of a blockchain token.

Each Gemini Dollar token is backed by one U.S. dollar held at a U.S. bank, with the deposit balance examined monthly by an independent registered public accounting firm to verify the peg. The token is built on the Ethereum network as an ERC-20 smart contract, meaning it settles on Ethereum and can be used by any application or wallet that supports that standard. Users obtain Gemini Dollars by exchanging U.S. dollars one-to-one through Gemini Trust Company, and the smart contract code has been publicly audited by an information security firm.

The data stored for this asset contains no protocol fee stream, meaning there are no fee-based metrics such as revenue, fee yield, or fee recipients to report here. The stablecoin model operates on the principle that the issuer holds reserves rather than collecting on-chain fees from token transfers or protocol interactions. The circulating stablecoin supply stands at approximately 39,551,539 dollars at the point-in-time measurement, and the 30-day supply change is recorded at 2.251218 percent over the last 30 days, which reflects changes in the amount of dollars deposited with the issuer rather than any fee-driven dynamic.