|All Time High:|
|Market Cap: |
|The price of #GUSD today is $1.06 USD.|
The lowest GUSD price for this period was $0, the highest was $1.06, and the exact current price of one GUSD crypto coin is $1.05531.
The all-time high GUSD coin price was $1.36.
Use our custom price calculator to see the hypothetical price of GUSD with market cap of BTC or other crypto coins.
|The code for Gemini Dollar crypto currency is #GUSD. |
Gemini Dollar is 4.3 years old.
|The current market capitalization for Gemini Dollar is $10,497,875.|
Gemini Dollar is ranked #565, by market cap (and other factors).
|There is a medium daily trading volume on #GUSD.|
Today's 24-hour trading volume across all exchanges for Gemini Dollar is $438,702.
|The circulating supply of GUSD is 9,947,652 coins, which is 100% of the total coin supply.|
A highlight of Gemini Dollar is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
More Gemini Dollar (#GUSD) News
|Gemini Taps MakerDAO To Boost Adoption of Its GUSD Stablecoin
On September 29, Gemini co-founder Tyler Winklevoss published a proposed 'marketing incentive' on the MakerDAO forum to drive the adoption of his stablecoin GUSD through a three-month strategic plan.
According to Tyler Winklevoss' proposal, Gemini will pay monthly fixed annual interest of 1.25% on all the GUSD stored in MakerDAO PSM vaults, as long as the average monthly balance is at least 100 million GUSD by the end of the month.
'As we'd like GUSD usage to increase on-chain, we propose that this marketing incentive only be credited if the average monthly balance of GUSD in the PSM is greater than or equal to $100m for the month.'
This would be the latest effort of the US-based exchange to grow in the middle of the crypto winter. Recently it had to let go of over 10% of its staff to cut costs and keep a sustainable business model. The move to boost its native stablecoin comes after Binance and Circle announced different business moves seeking to promote their own tokens.
Binance and WazirX recently delisted USDC, Paxos, and TrueUSD. The exchange later converted its users' funds into BUSD. On the other hand, Circle announced the expansion of USDC into five new blockchains to counter the effects of Binance's influence.
Gemini Seeks to Incentivize GUSD Adoption
Currently, MarkerDAO stores approximately $24 million GUSD in the MakerDAO PSM (Peg Stability Module) vault, which is responsible for allowing users to mint DAI by exchanging any type of collateral accepted by Mak...
|Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BU...
At the end of December 2021, the stablecoin economy's market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the past week.Stablecoin Economy Continues to Grow
As cryptocurrencies have dropped in value during the last two weeks and the crypto economy fell below the $2 trillion range, stablecoins issuance continues to fill demand. At the time of writing, the entire stablecoin economy is valued at $185 billion and it increased by 9.92% since December 30, 2021. The current value of all the stablecoins in existence today, represents 10.41% of the $1.77 trillion crypto economy. Moreover, the trade volume stablecoins are seeing on February 22, 2022, is around $62.7 billion, which equates to 61.47% of today's crypto trade volumes worldwide.
While tether (USDT) is the largest stablecoin, in terms of market capitalization, the $79.6 billion dollar cap only increased by 1.3% this past week. On the other hand, usd coin's (USDC) market capitalization swelled by 21.6% and BUSD's cap grew by 27.9%. Terra's UST has seen issuance increase by 11% and Makerdao's DAI spiked by 6.1%. The Avalanche-based magic internet money (MIM) saw its market capitalization fall by a whopping 40.6% during the last seven days.
Variety of Stablecoin Market Caps Declined, Tether Commands 84% of Today's Stablecoi...