GUSD
GUSD
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
Gemini Dollar (GUSD) is a fully centralized, 1:1 USD-pegged stablecoin issued by Gemini Trust Company under the regulatory oversight of the New York State Department of Financial Services (NYDFS). Its reserves are held in US dollars in FDIC-insured accounts and are subject to monthly third-party attestations by BPM LLP. Structurally, the token maintains sound tokenomics with a simple mint-and-burn mechanism and zero founder allocations or unlocking cliffs. However, GUSD faces structural limitations: it has no decentralized governance or tokenholder community by design, secondary market adoption and liquidity remain marginal (~$39.5M market cap) relative to dominant competitors like USDT and USDC, and counterparty concentration remains high due to total issuer centralization. The Active Development section lacked sufficient data (-1.0) due to search cross-contamination and was excluded from the weighted average. Furthermore, security evaluations verified no protocol hacks, depegs, or enforcement actions against the token itself (explicitly distinguishing it from an unrelated ransomware incident affecting the Glendale Unified School District). With no red-flag cap triggered, GUSD remains a functional and compliant fiat-backed stablecoin with modest market footprint.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About GUSD (GUSD)
Gemini Dollar (GUSD) is a fiat-backed, regulated stablecoin issued by Gemini Trust Company, a New York limited-purpose trust company supervised by the New York State Department of Financial Services (NYDFS). Deployed as an ERC-20 token on the Ethereum blockchain, GUSD is designed to maintain a 1:1 peg with the United States dollar. The token utilizes a direct mint-and-burn supply mechanism where new tokens are issued upon dollar deposits and burned upon redemption.
GUSD is backed by US dollar reserves held in FDIC-insured accounts, which undergo regular monthly third-party attestations by the accounting firm BPM LLP. The underlying smart contracts were historically audited by the security firm Trail of Bits. Governance is fully centralized, with Gemini Trust Company maintaining complete operational control over issuance, redemption, and smart contract administration, operating without a decentralized autonomous organization (DAO) or token-holder voting mechanisms.
While GUSD adheres to standard regulatory oversight, it carries structural risks related to single-issuer counterparty concentration. In addition, GUSD maintains a comparatively small market footprint and fragmented secondary liquidity relative to dominant market stablecoins like USDT and USDC, with a market capitalization of approximately $39.5 million. There are no recorded smart contract exploits, protocol depeg events, or direct regulatory enforcement actions against the GUSD token itself.