Stablecoins & Markets
Kim Min-jun
Coverage focuses on reserves, redemption and the flow of money through digital-asset markets.
View articlesGUSD (Gemini)
Gemini Dollar (GUSD) is a US dollar-backed stablecoin issued by Gemini Trust Company, LLC, launched in 2018. Regulation: New York limited liability trust company regulated by the NYDFS. It is not on ESMA’s list of e-money tokens authorized under MiCA.
- Ticker
- GUSD
- Issuer
- Gemini Trust Company, LLC
- Pegged to
- US dollar
- Type
- Fiat-backed
- Launched
- 2018
- E-money token under MiCA
- No
- Accounting firm or verifier
- BPM LLP
- Latest reserve report
- March 31, 2026 (latest report located)
- Transparency page
- gemini.com
- Checked on
Cash and cash equivalents: deposits at FDIC-insured banks, money market funds invested only in US Treasuries, and US Treasuries, in segregated accounts. Reserve reporting: monthly. Accounting firm or verifier: BPM LLP. The latest report covers March 31, 2026 (latest report located).
Gemini customers can redeem 1 GUSD for $1 on Gemini at any time, and buying GUSD with dollars is free. The issuer lists one network where the token is issued natively: Ethereum.
- Token name
- Gemini Dollar
- Brand
- Gemini
- Regulation
- New York limited liability trust company regulated by the NYDFS
- Reserves
- Cash and cash equivalents: deposits at FDIC-insured banks, money market funds invested only in US Treasuries, and US Treasuries, in segregated accounts.
- Reserve reporting
- Monthly
- Latest report
- assets.ctfassets.net
- Redemption
- Gemini customers can redeem 1 GUSD for $1 on Gemini at any time, and buying GUSD with dollars is free.
- Networks (native issuance)
- Ethereum
- Number of networks
- 1
- Website
- gemini.com
- Sources
Page URL Gemini - Gemini Dollar page https://www.gemini.com/dollar GUSD Reserves Report March 2026 (BPM) https://assets.ctfassets.net/jg6lo9a2ukvr/1JdC9ew8EmQ4012ccmltre/49990b73c12899feaf354ffb29be15e9/Gemini_-_GUSD_Reserves_Report_-_March_2026.pdf GUSD Reserves Report January 2026 https://assets.ctfassets.net/jg6lo9a2ukvr/OF3199vZ7IVeVN9IHM2AF/99d37270988a66bb5b45e42bf09e266b/Gemini_Trust_Company_-_GUSD_Reserves_Report_-_Jan_2026_-_Issued..pdf Gemini Trust Center (licences) https://www.gemini.com/trust-center Gemini support - How do I purchase Gemini dollars? https://support.gemini.com/hc/en-gb/articles/360001334443-How-do-I-purchase-Gemini-dollars ESMA interim MiCA register: e-money token issuers https://www.esma.europa.eu/sites/default/files/2024-12/EMTWP.csv
