Gemini Dollar – Time To Buy Crypto

Is it a good time to buy Gemini Dollar right now?

Current Price: $1.00

Average Daily Volume

Gemini Dollar is currently ranked number 83 worldwide with a daily trading volume of $1,207,494.00, which it will make it not so easy for you to sell your holdings of Gemini Dollar.

Market Cap

Gemini Dollar has a total market cap of $573,161,686.00.

Community

Gemini Dollar has 517,292 total followers in all its social media accounts.

All Time High

Gemini Dollar is a stable coin. It's price is packed to the US Dollar and only jumps in prices to other fiat currencies.

Price Potential

Stable coins like Gemini Dollar are digital assets pegged to a stable asset such as USD, aimed at reducing volatility. They offer benefits of both traditional fiat currencies and cryptocurrencies.

Overall Score

Stable coins are digital assets pegged to a stable value, usually the US dollar. Pros: reduced volatility, easier to use as a means of payment and store of value. Cons: Centralized nature can lead to potential loss of value and lack of security.

How to buy Gemini Dollar today?

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What Is Gemini Dollar?

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 here.

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 here.

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.

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