# Gemini Dollar (GUSD): Live Peg, Issuer & Licences

> Gemini Dollar (GUSD) stablecoin: live USD peg deviation in bps, depeg history, issuer Gemini, licences linked to official registers, reserves and FAQ.

Canonical: https://stableradar.com/coin/gusd
Generated: 2026-11-13T12:43:38.626Z (live figures are a snapshot at build time; see the canonical page for current values)

Stablecoin profile LIVE

# Gemini Dollar (GUSD) stablecoin
**In short:** GUSD is a USD-pegged stablecoin issued by Gemini. Token authorisation on record: New York only (NYDFS). Below: live peg deviation, peg history, issuer, licences and FAQ.

[Issuer profile → Gemini](https://stableradar.com/issuer/gemini)

$0.9983

Peg target: $1.0000 (USD)

Watch

Deviation: **-17.3 bps** (-0.17%) · Market cap: $34.4M

Sources: CoinGecko, DefiLlama · [CoinGecko ↗](https://www.coingecko.com/en/coins/gemini-dollar) · Median of the available sources, refreshed in your browser. A deviation here is not a confirmed depeg.

### Token legal status
GUSD

Regulator-confirmed token authorisation

(1) Entity licence / registration

Gemini Trust Company, LLC

NYDFS · Limited Purpose Trust Charter

dfs.ny.gov ↗

(2) Authorisation to issue this token

New York only (NYDFS)

NYDFS Greenlist: “Gemini Dollar* GUSD”

dfs.ny.gov ↗

(3) Applicable law

NY 23 NYCRR Part 200 (NYDFS) ↗

GENIUS Act — OCC final rule FR 2026-21706 (effective 18 Jan 2027) ↗

Token legal status last checked: 27 Oct 2026

### Issuer & legal entity
- Issuer **Gemini**

- Legal entity Gemini Trust Company, LLC

- Headquarters New York, US

- Backing mechanism Fiat-backed (USD)

- Reserve mix Cash, US T-bills

- Reserves & attestation Monthly attestation by BPM LLP [assets.ctfassets.net ↗](https://assets.ctfassets.net/jg6lo9a2ukvr/3OtMPKawacmcXYkxKk2Rrf/da4ccbc5861128fadcbb0e5c66f36b1d/Gemini-GUSD_Reserves_Report_-June_2026.pdf)

- Custody Per reserve report

- Redemption 1:1 via Gemini account

Transparency Score (issuer)

Transparency Score

Weighted from public, sourced inputs · 94% of inputs available

Not legal advice; algorithmic assessment from public sources.

Our opinion based on public data as of 12 Nov 2026. Not a regulatory decision or a credit rating.

[Issuer profile → Gemini](https://stableradar.com/issuer/gemini)

### Issuer licences, registrations & token status
Issuer-level records from the Gemini profile; each row links to the official register or source.

| Jurisdiction | Record | Status | Source |
| --- | --- | --- | --- |
| US-NY | Limited Purpose Trust Charter — Gemini Trust Company, LLC (NYDFS regulated-entities list) · NYDFS | Authorized2015-10 | [Verified](https://www.dfs.ny.gov/virtual_currency_businesses) |
| EU-MT | MiCA CASP — Gemini Intergalactic EU Ltd (ESMA CASP register) · MFSA | Authorized21 Aug 2025 | [Verified](https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv) |

### GUSD peg history
Max deviation from the peg, time spent outside ±50 / ±100 bps and derived events per window. 24h: CoinGecko 5-minute prices; 7d, 30d, 90d: hourly; 1y: daily. Cached at build time.

| Favourites | Coin | Peg | Trend | Max |dev| | Low | >±50 bps | >±100 bps | Events | Details |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  | **GUSD** | USD |  | −164.4 bps | 0.9836 | 7 h | 6 h | 3 |  |

Source: [CoinGecko ↗](https://www.coingecko.com/), [DefiLlama ↗](https://defillama.com/stablecoins) · market data cached 13 Nov 2026, 11:28 UTC. Aggregated prices can move on thin markets; a deviation here is not a confirmed depeg.

### GUSD supply by chain
Current circulating supply per chain from the DefiLlama stablecoins API (cached at build time). Per-chain or DEX prices are not shown: no free source covers them reliably.

| Chain | Supply | Share of supply |
| --- | --- | --- |
| Ethereum | $34.5M | 100.0% |

Source: [DefiLlama ↗](https://defillama.com/stablecoins)

### FAQ about GUSD
#### What is Gemini Dollar (GUSD)?
GUSD is a stablecoin pegged to the US dollar. Issuer: Gemini. Backing (as described in our data): Fiat-backed (USD).

#### Who issues GUSD?
GUSD is issued by Gemini Trust Company, LLC. The issuer profile on StableRadar lists its licences with links to official registers.

#### Is GUSD authorised under MiCA or another stablecoin regime?
A regulator-confirmed token authorisation is on record: New York only (NYDFS). Register record: NYDFS Greenlist: “Gemini Dollar* GUSD”. Applicable law noted: NY 23 NYCRR Part 200 (NYDFS); GENIUS Act — OCC final rule FR 2026-21706 (effective 18 Jan 2027). US context: under the GENIUS Act only approved (permitted) payment stablecoin issuers may issue payment stablecoins in the US; the Act approves issuers, not individual tokens. It applies from 18 Jan 2027 (OCC final rule FR 2026-21706).

#### Is GUSD safe?
StableRadar does not say whether a coin is safe and does not give investment advice. In our opinion, based on public data as of 12 Nov 2026, the issuer Gemini has a Transparency Score of 52/100. This is not a regulatory decision or a credit rating. The live peg deviation and the official register links are on this page.

#### How is GUSD backed?
Model: Fiat-backed (USD). Reserve mix: Cash, US T-bills. Attestation: Monthly attestation by BPM LLP.

### Related pages
Issuer profile → Gemini

Stablecoin laws by country

News & depeg incidents

Live peg monitor

All stablecoins

Issuer ranking

Informational only: not legal, investment or compliance advice. Company statements are marked “per company”.

Live prices: 13 Nov 2026, 12:43 UTC · Issuer reference data reviewed: 26 Oct 2026 (later changes are dated on each row) · Sources: [Issuer transparency / reserves (Gemini)](https://assets.ctfassets.net/jg6lo9a2ukvr/3OtMPKawacmcXYkxKk2Rrf/da4ccbc5861128fadcbb0e5c66f36b1d/Gemini-GUSD_Reserves_Report_-June_2026.pdf), [DefiLlama · GUSD](https://defillama.com/stablecoin/gemini-dollar), [CoinGecko · GUSD](https://www.coingecko.com/en/coins/gemini-dollar), [DefiLlama · Ethereum stablecoins](https://defillama.com/stablecoins/Ethereum)

Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)