Convert and Swap Gemini Dollar GUSD to United States Dollar USD
GUSD/USD: 1 Gemini Dollar equals $1.00 USD
Last update: 2:19 AM, December 23, 2024
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Gemini Dollar is falling this week.
The current price of Gemini Dollar is $1.00 per GUSD. With a circulating supply of 60,532,650.84 GUSD, it means that Gemini Dollar has a total market cap of $60,453,967.91. The amount of Gemini Dollar traded has fallen by $644,753.60 in the last 24 hours, which is a 48.36% decrease. Additionally, in the last day, $1,333,162.16 worth of GUSD has been traded.
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About Gemini Dollar
GUSD is a stablecoin running on Ethereum that attempts to maintain a value of US $1.00. The supply of GUSD is collateralized by US dollars held at State Street Bank. Users can buy and redeem GUSD through the Gemini cryptocurrency exchange.
Gemini Dollar (GUSD) is a digital currency that aims to bridge the gap between traditional finance and the cryptocurrency industry. It is an ERC-20 token built on the Ethereum network, with smart contracts audited by the security company Trail of Bits Inc. GUSD is created by the Gemini Trust Company, which holds USD deposits corresponding to the number of tokens in circulation. This stablecoin is fully regulated by the New York Department of Financial Services (NYDFS), making it a unique offering in the cryptocurrency space. The founders of GUSD, Tyler Winklevoss and Cameron Winklevoss, are well-known figures in the digital currency world, with a strong focus on establishing a regulated and secure environment for cryptocurrency transactions.
Gemini Dollar operates as an ERC-20 token on the Ethereum network. It maintains a steady value by binding its worth to underlying assets such as the USD. The Gemini Trust Company holds USD deposits that match the number of GUSD tokens in circulation, ensuring a 1:1 peg. This balance is examined monthly by independent registered public accounting firms to verify the necessary backing. The private keys used to sign cryptocurrency transactions are custodied offsite in secure, guarded, and geographically distributed facilities on a cloud storage system. This system uses multisignature technology, requiring multiple signatories to transfer funds, adding an extra layer of security.
Gemini Dollar aims to provide a transparent regulatory compliant connection between traditional financial systems and the blockchain industry. As a stablecoin, GUSD can be used as a medium of exchange in the cryptocurrency market without the extreme price fluctuations seen with other digital currencies. It can be used for transactions in the digital art space, for trading, investing, lending, or staking in the crypto economy, and for making payments to employees, partners, vendors, or friends. GUSD can also be used as a stable reserve in the volatile crypto market, providing a more cost-effective and efficient alternative to traditional finance.
Gemini Dollar was launched in September 2018 by the Gemini Trust Company, founded by Tyler Winklevoss and Cameron Winklevoss in February 2014. The company received approval from the NYDFS to launch the stablecoin, making it the first U.S. dollar-backed stablecoin to receive backing from a U.S. regulatory body. The founders, both Harvard University graduates, have a strong background in economics and business administration, and have been instrumental in shaping the direction and growth of the Gemini Dollar. Since its inception, GUSD has been traded on numerous exchanges and has reached an all-time high value of $1.3435.
How Gemini Dollar and United States Dollar differ
The Gemini Dollar (GUSD) and the US Dollar (USD) are both forms of currency, but they operate in fundamentally different ways. GUSD is a digital currency, or stablecoin, that operates on the Ethereum network, while the USD is a traditional, physical currency issued by the US government. GUSD aims to bridge the gap between the digital and traditional financial worlds by maintaining a 1:1 value with the USD. This value is ensured by the Gemini Trust Company, which holds USD deposits corresponding to the number of GUSD tokens in circulation. Unlike the USD, GUSD transactions are signed with private keys and stored securely offsite, adding an extra layer of security. GUSD also offers a transparent, regulatory compliant connection to the blockchain industry, making it a potential medium of exchange in the volatile cryptocurrency market. Despite these differences, both GUSD and USD serve as mediums of exchange, with GUSD offering a digital alternative to the physical USD.
Frequently asked questions
How much is 1 Gemini Dollar in USD?
Right now, 1 Gemini Dollar is worth about $1.00.
How much GUSD could I buy for 1 USD?
Based on the current rate, you could get 1 GUSD for 1 USD.
How do I calculate or convert GUSD to USD?
You can use our GUSD to USD calculator at the top of this page to convert any amount of GUSD to USD. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 USD is equivalent to 5 GUSD. Inversely, 5 GUSD will cost about $5.00
How can I buy 1 Gemini Dollar on Coinbase?
Gemini Dollar is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Gemini Dollar.
What are assets similar to Gemini Dollar that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Gemini Dollar, including Ethereum, Tether, and BNB. For a more robust list of assets to explore, jump to the asset page dedicated to Gemini Dollar.
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GUSD to United States Dollar conversion tables
The exchange rate of Gemini Dollar is increasing.
The current value of 1 GUSD is $1.00 USD. In other words, to buy 5 Gemini Dollar, it would cost you $5.00 USD. Inversely, $1.00 USD would allow you to trade for 1.00 GUSD while $50.00 USD would convert to 50.03 GUSD, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 0%. Meanwhile, in the last 24 hours, the rate has changed by 0%, which means that the the highest exchange rate of 1 GUSD to United States Dollar was $1.00 USD and the lowest 24 hour value was 1 GUSD for $1.00 USD. This time last month, the value of 1 GUSD was $1.00 USD, which is a 0.05% decrease from where it is now. Looking back a year, Gemini Dollar has changed by $1.00 USD. That means that in a single year, the value of Gemini Dollar has shrank by 0.05%.
GUSD to USD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
$1.00 USD | 0.00% | $1.00 USD | 0.00% | $1.00 USD | 0.05% | $1.00 USD | -0.05% |
GUSD to USD
Amount | Today at 2:19 am |
|---|---|
0.5 GUSD | $0.50 |
1 GUSD | $1.00 |
5 GUSD | $5.00 |
10 GUSD | $10.00 |
50 GUSD | $49.98 |
100 GUSD | $99.95 |
500 GUSD | $499.75 |
1,000 GUSD | $999.50 |
USD to GUSD
Amount | Today at 2:19 am |
|---|---|
0.5 USD | 0.50 GUSD |
1 USD | 1.00 GUSD |
5 USD | 5.00 GUSD |
10 USD | 10.01 GUSD |
50 USD | 50.03 GUSD |
100 USD | 100.05 GUSD |
500 USD | 500.25 GUSD |
1,000 USD | 1,000.50 GUSD |
Today vs. 24 hours ago
Amount | Today at 2:19 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 GUSD | $0.50 | $0.50 | 0.00% |
1 GUSD | $1.00 | $1.00 | 0.00% |
5 GUSD | $5.00 | $5.00 | 0.00% |
10 GUSD | $10.00 | $10.00 | 0.00% |
50 GUSD | $49.98 | $49.98 | 0.00% |
100 GUSD | $99.95 | $99.95 | 0.00% |
500 GUSD | $499.75 | $499.75 | 0.00% |
1,000 GUSD | $999.50 | $999.50 | 0.00% |
Today vs. 1 month ago
Amount | Today at 2:19 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 GUSD | $0.50 | $0.50 | +0.05% |
1 GUSD | $1.00 | $1.00 | +0.05% |
5 GUSD | $5.00 | $5.00 | +0.05% |
10 GUSD | $10.00 | $9.99 | +0.05% |
50 GUSD | $49.98 | $49.95 | +0.05% |
100 GUSD | $99.95 | $99.90 | +0.05% |
500 GUSD | $499.75 | $499.50 | +0.05% |
1,000 GUSD | $999.50 | $999.00 | +0.05% |
Today vs. 1 year ago
Amount | Today at 2:19 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 GUSD | $0.50 | $0.50 | -0.05% |
1 GUSD | $1.00 | $1.00 | -0.05% |
5 GUSD | $5.00 | $5.00 | -0.05% |
10 GUSD | $10.00 | $10.00 | -0.05% |
50 GUSD | $49.98 | $50.00 | -0.05% |
100 GUSD | $99.95 | $100.00 | -0.05% |
500 GUSD | $499.75 | $500.00 | -0.05% |
1,000 GUSD | $999.50 | $1,000.00 | -0.05% |
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