The Gemini Dollar (GUSD) is a stablecoin created by the cryptocurrency exchange Gemini, founded in February 2014. Launched in September 2018 with approval from the New York Department of Financial Services (NYDFS), GUSD is an ERC-20 token built on the Ethereum network. The Gemini Trust Company holds USD deposits corresponding to the number of GUSD tokens in circulation, ensuring a 1:1 peg to the U.S. dollar. Smart contracts governing GUSD have been audited by the security company Trail of Bits Inc. As a fully regulated stablecoin by the NYDFS, GUSD aims to bridge the gap between traditional finance and the crypto industry, providing a secure and stable medium for digital asset transactions.