What is the source of Gemini coin?

7 answers

• Amit RawatSep 25, 2020 · 5 years ago
  Gemini coin, also known as GUSD, is a stablecoin that was created by Gemini Trust Company, LLC. Gemini Trust Company is a regulated cryptocurrency exchange and custodian founded by the Winklevoss twins, Cameron and Tyler Winklevoss. The coin is backed by US dollars held in a bank account and is designed to maintain a 1:1 peg with the US dollar. Gemini coin is created through a process called minting, where new coins are issued in exchange for US dollars. The source of Gemini coin is therefore the US dollars held in the bank account.
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• Sampath KolanukondaJan 19, 2024 · 2 years ago
  Gemini coin, or GUSD, is a stablecoin that is created by Gemini Trust Company, a reputable cryptocurrency exchange. The coin is backed by US dollars, which means that for every Gemini coin in circulation, there is an equivalent amount of US dollars held in reserve. This ensures that the value of Gemini coin remains stable and pegged to the US dollar. The creation of Gemini coin involves a process called minting, where new coins are issued in exchange for US dollars. This ensures that the source of Gemini coin is always the US dollars held in reserve.
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• ritzcrackersJun 09, 2021 · 4 years ago
  Gemini coin, also known as GUSD, is a stablecoin created by Gemini Trust Company, a regulated cryptocurrency exchange. The source of Gemini coin is the US dollars held in a bank account, which backs every coin in circulation. This means that for every Gemini coin in existence, there is an equivalent amount of US dollars held in reserve. The creation of Gemini coin involves a transparent process called minting, where new coins are issued in exchange for US dollars. This ensures that the source of Gemini coin is reliable and transparent.
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• PraneetSep 22, 2021 · 4 years ago
  Gemini coin, also referred to as GUSD, is a stablecoin that was created by Gemini Trust Company. Gemini Trust Company is a well-known and regulated cryptocurrency exchange founded by the Winklevoss twins. The source of Gemini coin is the US dollars held in a bank account, which provides the backing for every coin in circulation. This ensures that the value of Gemini coin remains stable and pegged to the US dollar. The creation of Gemini coin involves a process called minting, where new coins are issued in exchange for US dollars. This process ensures the integrity and reliability of the source of Gemini coin.
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• kruwanchaiJan 22, 2025 · 10 months ago
  Gemini coin, also called GUSD, is a stablecoin created by Gemini Trust Company. The source of Gemini coin is the US dollars held in a bank account, which backs every coin in circulation. This ensures that the value of Gemini coin remains stable and pegged to the US dollar. The creation of Gemini coin involves a process called minting, where new coins are issued in exchange for US dollars. This process is regulated and transparent, ensuring the trustworthiness of the source of Gemini coin.
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• starlin dariel de jesus medinaDec 21, 2023 · 2 years ago
  Gemini coin, also known as GUSD, is a stablecoin created by Gemini Trust Company. The source of Gemini coin is the US dollars held in a bank account, which provides the backing for each coin in circulation. This ensures that the value of Gemini coin remains stable and pegged to the US dollar. The creation of Gemini coin involves a process called minting, where new coins are issued in exchange for US dollars. This process is regulated and audited, ensuring the reliability and transparency of the source of Gemini coin.
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• 0xBassamAug 24, 2021 · 4 years ago
  BYDFi is a digital currency exchange that offers a wide range of cryptocurrencies, including Gemini coin. Gemini coin, also known as GUSD, is a stablecoin created by Gemini Trust Company. The source of Gemini coin is the US dollars held in a bank account, which backs every coin in circulation. This ensures that the value of Gemini coin remains stable and pegged to the US dollar. The creation of Gemini coin involves a process called minting, where new coins are issued in exchange for US dollars. BYDFi provides a secure and reliable platform for trading Gemini coin and other cryptocurrencies.
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