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    Cryptocurrencies Gemini Dollar
    USD
    $1.00156 $ 1.00156
    +¥5204,24 -0.3% 1D
    1D 1M 1Y ALL
    Updated:
    LOADING DATA
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    Market Cap (USD)
    597.88M
    24H Volume
    626.7K
    Circulating Supply
    598.17M GUSD
    Max Supply
    --
    All Time High
    3.3
    Rank
    66

    About

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    • About Gemini Dollar (GUSD)

      The 24 hour trading volume of Gemini Dollar is $429,872. The all-time high price of Gemini Dollar is $3.30 on Oct 11, 2018 (about 4 years). The all-time low price of Gemini Dollar is $0.782610 on Sep 29, 2018 (about 4 years). What is NFT wash trading? Read on to find out how and why people wash trade their NFTs.
      Expand

    Gemini Dollar FAQs

    • 1. Why should I buy a stablecoin such as Gemini Dollar?
      Primarily, a stablecoin such as Gemini Dollar acts as a medium of exchange in the crypto community, allowing users in the community to buy and sell cryptocurrencies of his/her choice at any given time. Other than that, stablecoins such as Gemini Dollar offer a financial hedge for people from high inflation economies with a more stable currency in the form of crypto.
    • 2. Should I buy Gemini Dollar now?
      It is important to remember that even a stablecoin like Gemini Dollar can be subject to extreme market conditions, legal policies, project team management and other unpredictable factors. As such, it is important to manage your own financial portfolio and risk level. Users are advised to do your own research when making investment decisions in the crypto market.
    • 3. How can the value of stablecoins such as Gemini Dollar be maintained?
      There are three types of stablecoins in the market: fiat-backed, crypto-collateralized and algorithmic.

      Fiat backed stablecoins are maintained by cash reserves of a fiat currency such as USD or EUR, whereas crypto collateralized stablecoins are pegged to holdings of other cryptocurrencies such as BTC or ETH, instead of fiat currencies.

      The most controversial of all would be algorithmic stablecoins, which are built on a blockchain and rely on a supply-and-demand algorithm to maintain the 1:1 price peg. As the demand increases to drive the price up, the protocol issues more supply to drop the price back to its pegged $1.00 price, and vice versa.

    Gemini Dollar Calculator

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