What are the differences between GUSD and USDC in the world of digital currencies?

3 answers

• Feb 18, 2022 · 3 years ago
  GUSD and USDC are both stablecoins, but they have some key differences. GUSD, or Gemini Dollar, is issued by Gemini Trust Company, a regulated cryptocurrency exchange. It is backed by USD held in a bank account and undergoes regular audits to ensure transparency and regulatory compliance. On the other hand, USDC, or USD Coin, is issued by Circle, a fintech company, and is backed by a reserve of USD held in bank accounts. Both GUSD and USDC aim to provide stability and a 1:1 peg to the USD, but the choice between them may depend on factors such as trust in the issuing entity and the level of regulatory oversight desired. #GUSD #USDC #digitalcurrencies
  658329
• Feb 18, 2022 · 3 years ago
  GUSD and USDC are two popular stablecoins in the world of digital currencies. While both aim to provide stability and a 1:1 peg to the USD, they differ in terms of their issuing entities and regulatory compliance. GUSD is issued by Gemini Trust Company, a regulated cryptocurrency exchange, while USDC is issued by Circle, a fintech company. GUSD undergoes regular audits to ensure transparency and regulatory compliance, while USDC also follows a similar approach. The choice between GUSD and USDC may depend on personal preferences and trust in the issuing entities. #GUSD #USDC #digitalcurrencies
  599200
• Feb 18, 2022 · 3 years ago
  When it comes to stablecoins, GUSD and USDC are two popular options. GUSD, issued by Gemini Trust Company, and USDC, issued by Circle, both aim to provide stability and a 1:1 peg to the USD. However, there are some differences between them. GUSD is backed by USD held in a bank account and undergoes regular audits to ensure transparency and regulatory compliance. USDC also follows a similar approach, with a reserve of USD held in bank accounts. The choice between GUSD and USDC may depend on factors such as trust in the issuing entity and the level of regulatory oversight desired. #GUSD #USDC #digitalcurrencies
  616154