Gemini Dollar Price Hits $1.00 on Exchanges (GUSD)

Gemini Dollar (GUSD) traded down 0% against the dollar during the 1-day period ending at 0:00 AM Eastern on October 12th. One Gemini Dollar token can now be purchased for about $1.00 or 0.00001593 BTC on cryptocurrency exchanges. During the last seven days, Gemini Dollar has traded 0.1% higher against the dollar. Gemini Dollar has a market cap of $72.88 million and $493,245.12 worth of Gemini Dollar was traded on exchanges in the last day.

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

• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 2.2% lower 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 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 7.9% against the dollar and now trades at $0.0499 or 0.00000079 BTC.
• P2P Solutions foundation (P2PS) traded up 0.8% against the dollar and now trades at $159.21 or 0.00253643 BTC.

Gemini Dollar Profile

Gemini Dollar launched on September 9th, 2018. Gemini Dollar’s total supply is 72,900,776 tokens. Gemini Dollar’s official Twitter account is @gemini and its Facebook page is accessible here. 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 message board is www.gemini.com/cryptopedia/gusd-stablecoin-gemini-dollar. The official website for Gemini Dollar is www.gemini.com/dollar.

According to CryptoCompare, “The Gemini dollar (GUSD) is a U.S. dollar-backed stablecoin developed by Gemini, a licensed digital asset platform. It’s a fast and efficient cryptocurrency used in the crypto economy. GUSD was created by the Gemini crypto exchange, founded by the Winklevoss twins. GUSD is used for global transfers and earning interest through lending services.”

Buying and Selling Gemini Dollar

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

GUSD/USD price chart by TradingView