GUSD

GUSD is a yield-bearing stablecoin issued within the Gate ecosystem, designed for users who want to hold a dollar-denominated token while earning a return on it. It is minted by depositing USDT or USDC and acts as a certificate representing the value of that deposit, without conferring ownership of the underlying assets. It targets holders who want relatively stable returns sourced from the Gate ecosystem's revenue, tokenized real-world assets such as US treasury bills, and stablecoin-backed yield instruments.

Users stake USDT or USDC to mint GUSD at a 1:1 ratio, and the token can be used as collateral or traded freely while it accrues daily rewards. Upon redemption, GUSD converts back to USDT or USDC at a 1:1 ratio, though redemption fees apply. The yield rate is adjusted dynamically based on revenue from the Gate ecosystem and returns from the underlying real-world asset holdings; no consensus algorithm or block time is recorded for this token in the available data.

Revenue flowing into GUSD comes from three sources described in the project: Gate ecosystem operating revenue, tokenized treasury and other real-world asset returns, and stablecoin-backed yield assets. Redemption fees are charged to users who convert GUSD back to USDT or USDC, and the APR distributed to holders fluctuates with those underlying revenue streams. The circulating supply stands at 149,790,000 tokens against a broader stablecoin circulating figure of 319,533,355.89, meaning the tokens recorded here represent roughly 46.81 percent of the total supply that could be in circulation, a figure the site labels supply issued percentage.