About Gemini Dollar
The Gemini Dollar stablecoin (GUSD) is a stablecoin which was released on September 10, 2018. It is an ERC-20 token operating on the Ethereum blockchain and was created and released by the Gemini cryptocurrency exchange. It is strictly pegged 1:1 to the U.S. dollar. Gemini uses the State Street bank to hold the USD assets, and has retained a pass-through insurance product to provide FDIC insurance within specific limits. The Gemini Dollar will be regularly independently audited by BPM Accounting and Consulting, the results of each audit will be publically released.