Gemini dollar is a stable token launched by Gemini exchange. It is the first stable token regulated by U.S. regulators in the world. 1 GUSD = $1.
Gemini dollar combines the credibility and price stability of the dollar, the technical advantages of cryptocurrencies, and oversight by US regulators. As an erc20 compliant token, Gemini dollar can be transmitted over the Ethereum network.
Gemini dollar is created when the Gemini platform raises coins, and redeemed or "destroyed" when it is deposited in the Gemini platform.
II. Detailed parameters:
Total amount: 10.11 million
Market value: 850000
24 hour volume (global): 1969300 GUSD
III. relevant links:
Official website white paper block query