• The Gemini Dollar Stablecoin (GUSD) was released on September 10, 2018.
• The Gemini Dollar is an ERC-20 token operating on the Ethereum blockchain.
• The Gemini dollar is issued by Gemini Trust Company, LLC, a New York trust company.
Gemini Trust Company, LLP was co-founded by the ‘Billionaire Bitcoin’ investors Tyler and Cameron Winklevoss. U.S. dollars that correspond to the Gemini dollars issued and in circulation are held at State Street Bank and Trust Company. The Gemini dollar is a cryptographic token built on the Ethereum Network according to the ERC20 standard for tokens. The code of the Gemini dollar smart contracts has been audited by Trail of Bits, Inc.; an information security research & development firm. The U.S. dollar deposit balance is examined monthly by BPM, LLP, a registered public accounting firm, in order to verify the 1:1 peg. The LLP has publicly published all the audit reports on its website for verification and to ensure transparency.