USDC Vs GUSD - What's The Difference? | Financially Independent Pharmacist (2024)

Last updated on June 8th, 2022

Stablecoins are important as they bridge the world of real money to crypto. You are able to lock in gains without having to convert to cash, avoiding price fluctuations.

2 of these stablecoins include USDC and GUSD, and here’s how these two are different:

Contents

  • 1 The difference between USDC and GUSD
  • 2 Reserves Liquidity and Market Capitalisation
  • 3 Availability of Trading Pairs on Platforms
  • 4 Interest Rates on Staking Platforms
  • 5 Companies behind GUSD and USDC
  • 6 Final Verdict

The difference between USDC and GUSD

Both GUSD and USDC are stablecoins. However, USDC has a higher market cap, more trading pairs and higher availability of lending platforms compared to GUSD, which may result in greater use cases for USDC.

Here is a further comparison between these 2 stablecoins:

Reserves Liquidity and Market Capitalisation

One of the most important aspects of a stablecoin is its reserves. This is how a stablecoin can maintain a constant price despite the changes in the cryptocurrency market.

USDC – Reserves and Liquidity

In an ‘attestation’ that was done by Grant Thornton in 2021, the findings showed that only 60% of USDC reserves are made of cash.

Meanwhile, the remaining 40% of the reserves were backed by debt securities and bonds.

A debt security is adebt instrumentthat can be bought or sold between two parties and has basic terms defined, such as the notional amount (the amount borrowed), interest rate, andmaturityand renewal date.

Investopedia

Their assets are less liquid and less accessible compared to cash. Furthermore, it takes time to retrieve those assets. If the other party is unable to pay the loan, then the money is essentially gone.

If there is a big crash in the crypto market and everyone wants to cash out USDC for USD at the same time, you may not be able to do so!

USDC – Market Capitalisation

USDC has the second-largest market cap of all stablecoins, with the largest being USDT.

This shows the faith that investors have in this stablecoin.

GUSD – Reserves and Liquidity

On the other hand, Gemini conducts a monthly audit for the reserves of GUSD.

USDC Vs GUSD - What's The Difference? | Financially Independent Pharmacist (1)

This ensures that GUSD’s reserves are fully backed 1:1 with USD, and you are able to exchange GUSD for USD at any time.

In the audit done in December 2021, it was found that the US dollar balance is equal to the amount of GUSD that is issued and in circulation.

USDC Vs GUSD - What's The Difference? | Financially Independent Pharmacist (2)

As such, this helps to ensure that GUSD has one of the more trusted reserves for a stablecoin. This also makes it more trustworthy compared to USDC’s reserves.

GUSD – Market Capitalisation

When compared to other stablecoins, GUSD has a much lower market cap.

In fact, GUSD is the 10th ranked stablecoin, behind other currencies like TUSD, UST and DAI.

USDC Vs GUSD - What's The Difference? | Financially Independent Pharmacist (3)

Its current market cap is around $290 million, which pales in comparison to USDC’s market cap of $52 billion.

Availability of Trading Pairs on Platforms

The main purpose of stablecoins is to convert volatile coins into a more stable currency.

For stablecoins to be useful, we have to be able to exchange any crypto coins of our choice into stablecoin.

A trading pair is where assets that can be traded for each other on an exchange

Definition of trading pairs by Gemini

The more trading pairs a coin has, the more useful a coin is.

An example of a trading pair is Bitcoin/Ethereum (BTC/ETH), which is the exchange between Bitcoin and Ethereum.

If you are exchanging Bitcoin for Tether (USDT), you are using the trading pair of BTC/USDT.

Let’s look at the number of trading pairs each of the coins has:

USDC – Trading Pairs

As the second-highest stablecoin in terms of market cap, USDC has quite an extensive number of trading pairs on different platforms, such as:

  1. Binance
  2. KuCoin
  3. Kraken
  4. Poloniex
  5. Crypto.com Exchange

Most of these platforms allow you to trade various cryptocurrencies for USDC, including:

  1. XRP
  2. ADA
  3. BNB

GUSD – Trading Pairs

GUSD is not listed on many platforms as compared to USDC.

Apart from it’s parent platform on Gemini, it is also listed on other decentralised finance (DeFi) platforms such as:

  1. Uniswap
  2. Curve Finance

However, most of the popular cryptocurrency exchanges do not list GUSD on their platform.

Interest Rates on Staking Platforms

Other than trading with stablecoins, you can also earn interest with your stablecoins on various staking platforms.

The prices of stablecoins remain constant, unlike other cryptocurrencies such as Bitcoin. This makes holding stablecoins a great way to avoid market volatility.

On top of that, the interest rates for stablecoins are usually higher than normal coins. Even though stablecoins can be considered as similar to USD, the interest rates for stablecoins are much higher compared to those offered by the banks!

Your stablecoins gain interest, while having stable prices.

This is a great way to earn passive income.

Let’s compare the interest rates across the different platforms:

USDC – Interest Rates

Here are some of the places where you can lend or ‘stake’ USDC:

PlatformMinimum
Deposit
Lock-In
Period
CelsiusNoneFlexible
NexoNoneFlexible
Crypto.com250 USDCFlexible,
1 / 3 months
Binance1 USDCFlexible
AAX10 – 100 USDCFlexible,
7 / 14 / 30 days
BlockfiNoneNone
HodlnautNoneNone
MidasNoneNone

You can find out more about these platforms with this guide on ‘staking’ USDC.

GUSD – Interest Rates

There are fewer platforms where you can lend out GUSD to earn interest:

PlatformMinimum
Deposit
Lock-In
Period
CelsiusNoneFlexible
BlockfiNoneNone
Gemini EarnNoneNone

Companies behind GUSD and USDC

To look at the value of a cryptocurrency, it will be good for you to consider their management team.

The company that is in charge of a stablecoin have a vision for the coin, which in turn sets the direction of the coin.

In the case of stablecoins, they have to be trustworthy as they essentially work as a central bank that prints and distributes money.

Let’s look at the companies behind these coins:

USDC – Centre and Circle

USDC is backed by the Centre consortium, which was founded by both Circle and Coinbase.

All of these companies are well established in the cryptocurrency space, and you are able to have some assurance when using USDC as a form of exchange.

GUSD – Gemini

True to its name, GUSD is run by Gemini, which is regulated in the US by the New York State Department of Financial Services.

This does hold quite a lot of credibility for GUSD.

Furthermore, all of the US dollars in Gemini’s reserves are held in an FDIC-insured bank account and money market funds.

Both stablecoins are centralised stablecoins

Both USDC and GUSD are centralised stablecoins, where a central entity issues the stablecoin.

This poses the risk of the stablecoin being in control of governments. For example, 3 Ethereum addresses were frozen in January 2022 which contained USDT upon requests from law enforcement.

Since these stablecoins are not fully decentralised like UST, there is a risk of governments still having control of your funds.

If you are using cryptocurrency because of decentralisation and freedom from the government, you may want to consider decentralised stablecoins instead.

Final Verdict

Here is a summary of both stablecoins:

USDCGUSD
Liquidity
and reserves
60% cash and 40% backed
by bonds and debt securities
100% in USD
Market
capitalisation
Second-highest market cap10th ranked stablecoin (based on market cap)
Trading pairs
availability
MoreFewer
Staking interest ratesMore platforms availableLess platforms available
Owners of the coinsCircle, Centre and CoinbaseGemini

So which stablecoin is more suitable for you?

Choose USDC if you prefer convenience

In terms of convenience and availability of trading options, USDC is the better option.

However, if you hold USDC, you have to tolerate the risk of Circle only having a small portion of cash reserves.

Having cash reserves is also an important factor in evaluating stablecoins.

Choose GUSD if you prefer trusted reserves

In terms of regulations, GUSD is the better option.

Due to its monthly audits, it adds much more credibility to the reserves of GUSD.

In this way, you will have lesser worries when exchanging 1 GUSD for 1 USD.

However, GUSD is not as well established a stablecoin, which limits the use cases for this stablecoin. As such, you won’t be able to use it on as many platforms compared to USDC!

USDC Vs GUSD - What's The Difference? | Financially Independent Pharmacist (4)

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USDC Vs GUSD - What's The Difference? | Financially Independent Pharmacist (2024)

FAQs

Should I use USDC or Gusd? ›

Although both were launched in 2018 and are backed by USD reserves, they have essential differences. USDC has a larger market capitalization and trades on more platforms than GUSD. However, GUSD is backed by cash reserves, representing a lower risk for your investment in this coin.

Is Gusd FDIC insured? ›

Regulated and Insured

Each GUSD corresponds to a U.S. dollar that is held by Gemini as one of the following types of assets: (1) deposits in U.S. Federal Deposit Insurance Corporation ("FDIC")-insured banks, (2) money market funds, invested only in U.S. Treasury Obligations, or (3) U.S. Treasury Obligations.

Does Gemini accept USDC? ›

USDC's existence on public blockchains allows traders and exchanges to use USDC as an alternative to fiat currencies. Gemini does not support or guarantee USDC's 1:1 peg to the US dollar.

Can you earn interest on Binance SG? ›

Buy and sell 20+ cryptocurrencies and earn interest on your holdings with this Singapore-based exchange.

What is the risk of USDC? ›

USD Coin (USDC), as a cryptocurrency, is generally considered risky as an investment. While stablecoins like USDC have less price volatility than other cryptocurrencies, stablecoins may be subject to increased scrutiny by regulatory agencies like the U.S. Securities and Exchange Commission.

Is Gemini Gusd earn safe? ›

Gemini implements a number of security measures — including full KYC (Know Your Customer) and AML (Anti-Money Laundering) screening — to ensure that GUSD remains transparent, secure, and regulated for its users.

How safe is Gusd stable coin? ›

The Gemini dollar (GUSD) is a crypto stablecoin tied to and guaranteed by US dollars stored in FDIC-insured bank accounts. The monies maintained in reserves are frequently examined by the accounting company, BPM LLP.

Is it safe to buy Gusd? ›

GUSD is a regulated stablecoin, which has certain advantages in safety and stability, but for some, regulation defeats the purpose of crypto. Regulated tokens can be censored or confiscated if an activity or transaction associated with them is deemed illegal by authorities.

Is Gusd a good investment? ›

If you are looking for virtual currencies with good return, GUSD can be a profitable investment option. Gemini Dollar price equal to 0.999 USD at 2022-10-29. If you buy Gemini Dollar for 100 dollars today, you will get a total of 100.141 GUSD.

What is the safest stablecoin? ›

The Best Stablecoins Right Now
  1. Tether (USDT) So named because it “tethers” itself to the value of the USD, Tether is the most well-known stablecoin in the crypto world. ...
  2. USD Coin (USDC) ...
  3. Binance USD (BUSD) ...
  4. True USD (TUSD) ...
  5. Origin Dollar (OUSD) ...
  6. Paxos Standard (PAX)
22 Sept 2022

Is USDC FDIC insured? ›

Security is our #1 priority. Your non-Crypto (USDC) funds are FDIC insured, fully backed by the U.S government, up to $250,000. FDIC insured means that no matter what happens, the cash in your account (up to $250,000) is safe. On the FDIC website, our partner bank Evolve Bank & Trust.

What are the advantages of USDC? ›

As a result, USDC basically functions as a digital version of the US Dollar and enables its owners to make cryptocurrency payments for products and services without having to worry about market fluctuations depreciating their fiat wealth when they convert it to cryptocurrency.

How do you earn passive income in Binance? ›

How to Buy Passive Income (PSI) Guide
  1. Download a Binance Wallet. ...
  2. Set up your Binance. ...
  3. Buy BNB Chain as Your Base Currency. ...
  4. Send BNB Chain From Binance to Your Crypto Wallet. ...
  5. Choose a Decentralized Exchange (DEX) ...
  6. Connect Your Wallet. ...
  7. Trade Your BNB Chain With the Coin You Want to Get.

Is staking in Binance safe? ›

While it has its benefits, there are associated risks such as slashing, malicious attacks, and stringent technical requirements. Binance Staking can reduce some of these risks and will return the number of tokens staked by a user that would otherwise be lost through slashing.

How do I make money on Binance daily? ›

All you need to start earning is to buy the tokens you need using Binance P2P, and then send them to Binance Earn. And that's that.
...
Let's take a look at each of them separately.
  1. Flexible Savings. ...
  2. Locked Savings. ...
  3. Activities. ...
  4. Locked Staking. ...
  5. Launchpool. ...
  6. Dual investment. ...
  7. Binance Liquid Swap. ...
  8. BNB Vault.
14 Jun 2022

Who pays the highest interest on USDC? ›

Highest USDC Interest Rate

Midas Investments is the only crypto lending platform that offers 12.6% APY on USDC. However, keep in mind that Midas is not transparent about its yield-generating activities, which significantly increases your risk.

Where is the best place to stake USDC? ›

BlockFi is a great option to begin staking our USDC. It offers a competitive 8% interest rate. It also offers up to $250 in rewards when you sign up.

Can you earn interest on USDC? ›

Earn crypto up to 8.32% USDC interest rates: Earn 8.32% USDC APY interest per year on YouHodler. This is exceptionally higher than any “high-yield” traditional bank savings accounts and other investments. YouHodler offers its clients the best USDC interest rate on the market.

What are the risks of Gemini earn? ›

Is "Gemini Earn" In Trouble? - YouTube

Is Gusd backed by USD? ›

About. GUSD is a stablecoin running on Ethereum that attempts to maintain a value of US $1.00. The supply of GUSD is collateralized by US dollars held at State Street Bank. Users can buy and redeem GUSD through the Gemini cryptocurrency exchange.

Has Gemini ever been hacked? ›

As long as it's been in operation, Gemini has not been hacked. Like Coinbase, USD stored in your Gemini account is FDIC-insured. Gemini started with a “security-first” mentality.

Is GUSD backed by fiat? ›

Founded in 2018, the Gemini Dollar (GUSD) a fiat-collateralized cryptocurrency stabilized by collateralization by USD in accounts held by the company at the U.S. depository institutions. GUSD was created by Gemini Trust Company, LLC (Gemini), a New York trust company.

Is Gemini USD at risk? ›

Riskiness of crypto: Crypto is risky. Gemini's GUSD stablecoin could lose value, or crypto staked through the Gemini Earn program could be unrecoverable in the event of borrower default.

Is Gusd algorithmic? ›

According to the Winklevoss Brothers, founders of Gemini, GUSD is backed by fiat assets and has the potential to bridge the gap between crypto and the traditional financial sectors. Simply put, it is not an algorithmic stablecoin.

How do I change from Gusd to Usdc? ›

This will protect you against the volatility of the cryptocurrency market.
...
How to exchange GUSD to USDC
  1. Pinpoint a pair from over 400 supported tokens and benefit from affordable rates without issues.
  2. Select the exchange rate that suits you best. ...
  3. Update the cryptocurrency wallet address.

How do I withdraw from Gusd from Gemini? ›

You can send Gemini dollars to these exchanges or any wallet that supports ERC20 tokens by simply selecting the 'Withdraw as Gemini dollar' option in the navigation menu of your Gemini account, entering a destination address, and then choosing an amount of U.S. dollars you want to send.

How long does it take to redeem Gusd? ›

How Long do GUSD Transactions Take? A GUSD transaction undergoes 25 confirmations on the blockchain, which take about 15 minutes. Transactions take longer when buying Bitcoin and/or using bank transfer. People who exchange GUSD for Bitcoin need to wait 2-3 hours to send a withdrawal.

How liquid is Gusd? ›

GUSD is the Gemini stablecoin that currently sports a yield of 8.05%. This yield can fluctuate but the beauty of a stablecoin is that it is highly liquid, stable, backed 1:1 by USD, earns interest daily (awesome for compounding effects) and is redeemable at any time. There are no locked-in time periods.

What is Gemini dollar backed by? ›

GUSD is a stablecoin backed by the US Dollar and is held in FDIC-insured bank accounts.

How does Gusd earn work? ›

How does Gemini dollar work? Gemini Dollar works just like any other cryptocurrency. GUSD has a set exchange rate of 1:1 with the US Dollar, a currency to which the stablecoin is pegged. In other words, at any moment, the value of GUSD corresponds to the value of USD.

Who is owner of USDC? ›

USD Coin is managed by a consortium called Centre, which was founded by Circle and includes members from the cryptocurrency exchange Coinbase and Bitcoin mining company Bitmain, an investor in Circle.

Is USDC really stable? ›

USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is the currently the second-largest stablecoin, with a current market capitalization of $73 billion.

Is staking USDC safe? ›

Staking USDC has relatively low risk. However, there are some risks. Here are four to consider: The U.S. government is not involved with issuing the USDC: As a result, USDC doesn't have any FDIC or SIPC insurance.

Why is USDC interest so high? ›

The easy explanation is that high interest rates compensate people for the risk that the stablecoin will fall off its peg. But prime stablecoins like USDC and Pax (USDP) are fully backed by high-quality dollar assets, so the risk that people will lose their money is small.

Does USDC lose value? ›

Since USD Coin is managed by multiple companies, the main risk is that one goes bankrupt. According to Circle, USD Coin is always redeemable 1:1 for U.S. dollars. But if Circle or Coinbase ends up going out of business, it's impossible to be 100% sure that USD Coin will maintain its value.

How do you make money with USDC? ›

Centralised stablecoins, like USDT (Tether) and USDC, make money through lending and investing, in a manner similar to traditional banks. They do these through fractional reserve banking, where only a fraction of deposits are backed by physical cash on hand that can be withdrawn by investors.

How do I convert USDC to dollars? ›

The conversion value for 1 USDC to 1.001 USD. BeInCrypto is currently using the following exchange rate 1.001. You can convert USDC to other currencies like SOL, BNB or USDT. We updated our exchange rates on 2022/10/19 04:39.

Is USDC safer than USDT? ›

While USDT is used more frequently for trading and payments, USDC is often described as a safer stablecoin since Centre makes a greater effort to comply with audits and governmental regulation, and has more transparent, fully-backed reserves.

How do you make a daily profit in cryptocurrency? ›

Cloud mining, Affiliate programs, and more are the ways you can make money with cryptocurrency in 2022.
  1. Cloud Mining. ...
  2. Affiliate Programs: Get Paid to Refer a Friend. ...
  3. Buy and HODL. ...
  4. Day Trading Cryptocurrency. ...
  5. Work for a Cryptocurrency Company. ...
  6. Stake Your Crypto.
9 May 2022

How do you live off crypto passive income? ›

How Can You Make Passive Income Through Crypto?
  1. Air drops. Investors receive tokens at random. ...
  2. Staking. Staking involves lending tokens to a network to validate transactions within the network. ...
  3. Direct lending. Individuals can set up direct loan opportunities. ...
  4. Earning interest.
6 Oct 2022

How do you make money on Binance without trading? ›

All you need to do is to deposit your BNB in a liquidity pool. You earn free crypto continuously on Binance by farming some of your BNB or other cryptos on its Launchpool.

Can you lose crypto by staking? ›

However, staking is not without risk. You'll earn rewards in crypto, a volatile asset. Sometimes, you have to lock up your crypto for a set period of time. And there is a chance that you could lose some of the cryptocurrency you've staked as a penalty if the system doesn't work as expected.

Which crypto has best staking rewards? ›

The cryptocurrencies with the highest staking market cap include ETH, SOL and ADA, in which the typical annual yield is around 4% to 5%. Note rewards on the Ethereum network are typically locked up until the Ethereum 2.0 network is complete. Also of note, more than 10% of Ethereum is staked.

Which platform is best for crypto staking? ›

  • 1) ZenGo Crypto Wallet – Most Secure Web3 Wallet for Crypto Staking.
  • 2) Midas. ...
  • 3) MyCointainer – Most number of Crypto Coins supported.
  • 4) Crypto.com – Best Crypto Staking Platform for Cashbacks.
  • 5) Binance – Overall Best for Crypto Staking.
  • 6) Kraken – Best for Crypto Assets and Fiat Staking.
18 Oct 2022

How do you get 100 dollars a day with crypto? ›

The best way to make $100 a day on cryptocurrency is to invest around $1000 and track a 10% rise on one pair. This is a realistic approach compared to investing $200 and tracking a 50% rise on the pair.

When should I take profits on crypto? ›

One of the best times for taking profits in crypto is when you spot the formation of a bearish chart pattern. Death crosses, head and shoulders, shooting stars and other bearish patterns often signal trend reversals, and should be incorporated into any crypto profit-taking strategy.

Can you make a living trading crypto? ›

If you want to know if it's possible to make a living trading cryptocurrencies, the answer is easy: Rather not, at least not for the average Joe. There might be some exceptions who really managed to live from their crypto investments only, but there was surely a big portion of luck involved.

Is Gusd safer than Usdt? ›

Is the Gemini Dollar (GUSD) crypto better than Tether (USDT)? Yes. Objectively, Gemini Dollar (GUSD) is far superior to Tether (UDST), simply from a risk perspective. GUSD is backed 1:1 by U.S. dollars held in FDIC-insured bank accounts.

How stable is Gusd? ›

GUSD is the Gemini stablecoin that currently sports a yield of 8.05%. This yield can fluctuate but the beauty of a stablecoin is that it is highly liquid, stable, backed 1:1 by USD, earns interest daily (awesome for compounding effects) and is redeemable at any time.

How secure is Gusd? ›

The Gemini dollar (GUSD) is a crypto stablecoin tied to and guaranteed by US dollars stored in FDIC-insured bank accounts. The monies maintained in reserves are frequently examined by the accounting company, BPM LLP.

Does BlockFi pay interest on Gusd? ›

As of February 14, 2022, BlockFi Interest Accounts (BIAs) are no longer available to new clients who are “U.S. persons” or persons located in the United States and existing U.S. clients will be unable to transfer new assets to their BIAs.
...
CurrencyAmountAPY*
GUSD (Tier 3)>2000000 GUSD6.00%
38 more rows

Which is the safest stablecoin? ›

The Best Stablecoins Right Now
  1. Tether (USDT) So named because it “tethers” itself to the value of the USD, Tether is the most well-known stablecoin in the crypto world. ...
  2. USD Coin (USDC) ...
  3. Binance USD (BUSD) ...
  4. True USD (TUSD) ...
  5. Origin Dollar (OUSD) ...
  6. Paxos Standard (PAX)
22 Sept 2022

How do I change from Gusd to USDC? ›

This will protect you against the volatility of the cryptocurrency market.
...
How to exchange GUSD to USDC
  1. Pinpoint a pair from over 400 supported tokens and benefit from affordable rates without issues.
  2. Select the exchange rate that suits you best. ...
  3. Update the cryptocurrency wallet address.

Is Gusd a good investment? ›

If you are looking for virtual currencies with good return, GUSD can be a profitable investment option. Gemini Dollar price equal to 0.999 USD at 2022-10-29. If you buy Gemini Dollar for 100 dollars today, you will get a total of 100.141 GUSD.

Can Usdc coin lose value? ›

Since USD Coin is managed by multiple companies, the main risk is that one goes bankrupt. According to Circle, USD Coin is always redeemable 1:1 for U.S. dollars. But if Circle or Coinbase ends up going out of business, it's impossible to be 100% sure that USD Coin will maintain its value.

Is Usdc really stable? ›

USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is the currently the second-largest stablecoin, with a current market capitalization of $73 billion.

Is Usdc FDIC insured? ›

Security is our #1 priority. Your non-Crypto (USDC) funds are FDIC insured, fully backed by the U.S government, up to $250,000. FDIC insured means that no matter what happens, the cash in your account (up to $250,000) is safe. On the FDIC website, our partner bank Evolve Bank & Trust.

What are the risks of a Gemini dollar? ›

Gemini Dollar receives a low risk rating from InvestorsObserver analysis. The proprietary scoring system analyzes how much money was required to move the price over the past 24 hours. The metric looks at recent changes in volume and market cap to evaluate how much a token can be manipulated by limited trading.

How long does it take to redeem Gusd? ›

How Long do GUSD Transactions Take? A GUSD transaction undergoes 25 confirmations on the blockchain, which take about 15 minutes. Transactions take longer when buying Bitcoin and/or using bank transfer. People who exchange GUSD for Bitcoin need to wait 2-3 hours to send a withdrawal.

What is Gusd used for? ›

GUSD is an Ethereum ERC-20 token, which can be used in smart contract development. As such, the Gemini dollar (GSUD) can be transacted with on decentralized exchanges (DEX), allowing you to lend and earn using various DeFi apps and services.

Why is BlockFi interest so high? ›

BlockFi and other firms are able to pay high interest rates because they can charge institutional investors that want access to coins even more. The market is one of the hottest corners of crypto, with companies saying they've collected more than $40 billion in deposits.

What is Gusd backed by? ›

About. GUSD is a stablecoin running on Ethereum that attempts to maintain a value of US $1.00. The supply of GUSD is collateralized by US dollars held at State Street Bank. Users can buy and redeem GUSD through the Gemini cryptocurrency exchange.

What is Usdc interest rate? ›

Latest USD Coin (USDC) Interest Rates
PlatformLending Rate (APY)Loan Rate (APR)
CoinLoan10.3–12.3%4.95%
YouHodler8.33%26.07%
Bit.com4.75%
Finblox5%
2 more rows

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