Gemini Dollar Price Reaches $1.00 (GUSD)

Gemini Dollar (GUSD) traded up 0.2% against the US dollar during the 1-day period ending at 10:00 AM E.T. on May 28th. Gemini Dollar has a market capitalization of $40.45 million and approximately $1.25 million worth of Gemini Dollar was traded on exchanges in the last day. One Gemini Dollar token can now be bought for about $1.00 or 0.00001362 BTC on cryptocurrency exchanges. Over the last week, Gemini Dollar has traded 0.1% higher against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded down 2.3% against the dollar and now trades at $73,066.88 or 0.99556271 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Gemini Dollar Profile

Gemini Dollar launched on September 9th, 2018. Gemini Dollar’s total supply is 40,452,335 tokens. Gemini Dollar’s official message board is www.gemini.com/cryptopedia/gusd-stablecoin-gemini-dollar. The Reddit community for Gemini Dollar is https://reddit.com/r/gemini and the currency’s Github account can be viewed here. Gemini Dollar’s official Twitter account is @gemini and its Facebook page is accessible here. Gemini Dollar’s official website is www.gemini.com/dollar.

According to CryptoCompare, “Gemini is a licensed digital asset financial platform. It enables users with the ability to trade (buy/sell), and store digital assets by granting them the access to custody services and a crypto marketplace. Gemini platform works under the regulatory oversight of the New York State Department of Financial Services. The GUSD token is an Ethereum-based (ERC-20) cryptocurrency developed by Gemini. It is a stable coin which is attached to the USD, giving it the stability of fiat along with the advantages of cryptocurrency.”

Gemini Dollar Token Trading

It is usually not possible to buy alternative cryptocurrencies such as Gemini Dollar directly using US dollars. Investors seeking to acquire Gemini Dollar should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Gemini Dollar using one of the aforementioned exchanges.

GUSD/USD price chart by TradingView