What Value Does the Gemini Dollar (GUSD) have? — Market Mad House
I consider the Gemini Dollar (GUSD) is the most honest stablecoin around.
To explain, Gemini Trust Company admits it does not hold US Dollars in the GUSD. Instead, Gemini admits it keeps the dollars in trust accounts at the State Street Bank and Trust Company (NYSE: STT).
The Gemini Dollar is an ERC20 (Ethereum Request for Comment) cryptocurrency that contains a smart contract, or digital robot. When somebody spends a Gemini Dollar; the smart contract releases payment in dollars from a State…