Ecosystems

Top Ecosystem token by Market Cap

What is a stablecoin? Stablecoin is a cryptocurrency that is designed to minimize volatility by pegging to a more stable asset. Fiat currency digital asset is the most popular use case for stablecoins. It typically tracks popular national currencies such as the US Dollar, Euro, and the British Pound. Benefit of this includes being able to take advantage of blockchain technology and peer-to-peer value transfer while not being exposed to high volatility such as bitcoin, ethereum, or other cryptocurrencies. Stablecoins are relatively new kind of technology and each of them comes with different implementations, liquidity, risks, and acceptance.

Stablecoins

Stablecoins by Market Capitalization

The Gemini dollar — the world’s first regulated stablecoin — combines the creditworthiness and price stability of the U.S. dollar with blockchain technology and the oversight of U.S. regulators.

Get Gemini dollars 1-to-1 for U.S. dollars on Gemini.
Gemini dollars can be used on the Ethereum network.

ISSUER
The Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company.

BANK
U.S. dollars that correspond to the Gemini dollars issued and in circulation are held at a U.S. bank and eligible for FDIC “pass-through” deposit insurance, subject to applicable limitations.

EXAMINATION
The U.S. dollar deposit balance is examined monthly by an independent registered public accounting firm to verify the 1:1 peg. All Independent Accountants’ Reports are published and available <a href="https://gemini.com/dollar/#reports">here</a>.

SECURITY AUDIT
The Gemini dollar is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc., an information security research & development firm, whose report is publicly available <a href="https://gemini.com/wp-content/themes/gemini/assets/img/dollar/gemini-dollar-trailofbits-audit.pdf">here</a>.

Gemini was founded four years ago with a mission: build a bridge to the future of money. Gemini dollar aims to combine creditworthiness and price stability of the U.S. dollar with blockchain and the oversight of U.S. regulators, the New York State Department of Financial Service.

Gemini dollar is a stable value coin that is:

1. issued by Gemini, a New York trust company
2. strictly pegged 1:1 to the U.S. dollar
3. built on Ethereum network according to ERC20 token standards

Starting 10th September 2018, you will be able to convert U.S. dollars in your Gemini account into Gemini dollars and withdraw them to an Ethereum address. You will also be able to automatically convert GUSD back as USD into your Gemini account. GUSD is expected to be listed on Bibox soon.