The Gemini Dollar (GUSD) is one of the staple coins with a fixed transaction price with the US Dollar.
GeminiDollar is an ERC20 token (a token issued on Ethereum). Gemini dollar is an ERC20 token (a token issued on Ethereum), and the consensus algorithm is scheduled to shift to Proof of Stake (PoS). Almost all staple coins are issued by depositing collateral with the issuer. However, this method has the disadvantage that it is impossible to prove that the issuer really has the collateral. Therefore, GUSD stores the USD deposited as collateral at a bank in the US.
The GUSD is also covered by deposit insurance, which ensures a higher level of security.
Gemini dollars are issued as ERC20 tokens, so they can be stored in any wallet that supports ERC20 tokens.
GeminiDollar is issued as ERC20 tokens and can be stored in ERC20 token compatible wallets.
Can be traded on UNISWAP, etc.
Official website : https://gemini.com/dollar/
Twitter : https://twitter.com/geminitrust
Github : https://github.com/gemini/dollar
