What is Gemini Dollar?
Gemini Dollar is owned by Gemini Trust Company which is a digital currency exchanger and custodian that allows customers to buy, sell and hold digital assets. It is a New York trust company that is regulated by the New York State Department of Financial Services (NYDFS) and was founded in 2014 by twins Cameron and Tyler Winklevoss. GUSD is the platform's stable crypto token, pegged to the dollar at a 1-to-1 ratio. GUSD is built on the Ethereum network according to the ERC20 token standard. Gemini dollar differs from other stable coins in that it is the first regulated stable token in the world, which means that US regulators will have oversight over the coin, making it a more reliable crypto coin for potential users.