Gemini dollar (GUSD) issued by Gemini Trust Company LLC is meant to provide tokens built on the Ethereum network according to ERC20 standards corresponding 1:1 with holdings of traditional fiat USD held at State Street Bank and Trust Company. Intended to provide creditworthiness and price stability that mimics the U.S Dollar, code within the GUSD contracts were audited by a firm specializing in information security research & development. To verify the necessary 1:1 peg, the deposit balance at the U.S. Bank is examined monthly by BPM, LLP an independently registered public accounting firm.
Created by: Mark Osterloh
Modified on: Tue, 10 Dec, 2019 at 11:44 AM
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