Gemini Dollar is a governed cryptocurrency fixed to the US dollar at 1:1 and
distributed by Gemini Trust Company, a company that runs Gemini digital currency exchange. GUSD is a stable coin that ties the conventional financial structure to the fast-moving crypto ecosystem. It integrates the security of value and the credibility of the US Dollar and provides fast global transactions.
Its US dollar reserves are maintained in the U.S. bank and are qualified for FDIC Pass-through Deposit Insurance. GUSD is governed by the Department of Financial Services of New York State, and its custodian is State Street, one of the earliest banks in the United States. Gemini bears the risk of printing tokens because, as they claim, the volume of Gemini Dollars released in operation should never surpass the equivalent reserve of the US Dollar. The Gemini Dollars are released on the ethereum network. As a consequence, it is still feasible to examine the tokens to observe how they propagate through the smart contract address given.