Assets, Ethereum

Is Gusd an Ethereum?

GUSD is not an Ethereum.

GUSD is a stablecoin that is pegged to the US dollar. It is issued by the Gemini exchange and regulated by the New York State Department of Financial Services.

NOTE: WARNING: Gusd is not an Ethereum, it is a stablecoin created by the MakerDAO project. It is an ERC-20 token that is backed by a basket of currencies and crypto assets. It is not a replacement for Ethereum and should not be used as such.

The main difference between GUSD and Ethereum is that GUSD is a stablecoin, meaning that its value is pegged to the US dollar. This makes it much less volatile than Ethereum, which can fluctuate wildly in value.

GUSD also has the backing of a major exchange and regulatory body, which gives it more credibility than Ethereum.

Previous ArticleNext Article