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Gemini Dollar

Gemini Dollar is a dollar-backed stable coin issued by Gemini.

Stablecoin

πŸ’© 43%

Reviews for Gemini Dollar

πŸ”‘ 3 positive | πŸ’© 4 negative

πŸ”‘

The Gemini dollar is the best argument against the BTC as a SoV thesis.

Bitcoiners like to point to Venezuela and Turkey as nations primed for hyper-bitcoinization.

The Gemini dollar enables easier hyper-dollarization, which, at least in the short term, is more attractive to many.

Also the Gemini Dollar is great for Ethereum adoption vs Bitcoin adoption.

2018-09-18 | Full Review

πŸ”‘

Major changes [to GUSD] such as issuing a lot of new GUSDs or changing the contract required both multisig and timelock. Very nice!

2018-10-26 | Full Review

πŸ”‘

Gemini has built a public, permissioned application that effectively hybridizes the separate approaches of the coins on the one hand, and the enterprise blockchain applications that have been developed on the other, to bring something to the marketplace that is unique and genuinely new.

2018-09-10 | Full Review

πŸ’©

Governments that mismanage their currencies are often fond of censorship and confiscation . . . which just takes a phone call to Coinbase or Gemini re their citizens' USDC and GUSD holdings. Whereas DAI holders would be unaffected.

2018-12-30 | Full Review

πŸ’©

Pretty sure the [8.6% APY interest rate paid by Blockfi on GUSD] is subsidized by VC money. Not really sure how else they could be getting these rates...USDT and Dai could have around 10% but no one is using GUSD. And I’m not aware of any large lending markets that support GUSD.

2019-12-01 | Full Review

πŸ’©

The most compliant [stablecoin] GUSD largely fails with a underwhelming liquidity.

While $USDT is now trading at ~3% OTC premium and 100x better liquidity than all other fiat coins combined, despite [the] NYAG turmoil.

Liquidity is the single most important thing for a stablecoin to succeed

Dovey Wan, Founding Partner at Primitive Ventures

2019-07-12 | Full Review

Stablecoin comparison

See how Gemini Dollar compares with other stablecoin cryptocurrencies.