24h Change-0.016%
All Time HighMay 23, 2026$1.02
All Time LowMar 2, 2026$0.98
Market Cap$149.52m
Fully Diluted Valuation$319.43m
Circ. Supply149.79m GUSD
Max Supply320m GUSD
CEX Volume$1.26m
DEX Volume$0
Risk-management actions published about GUSD by tracked risk managers and governance contributors, newest first.
Starting December 13, 2024, Coinbase restricts retail access to GUSD for EEA users due to MiCA non-compliance, reducing options for Gemini Dollar holders and underscoring regulatory hurdles for U.S.-issued stablecoins in the region.
Coinbase is ending support for GUSD on December 13, 2024, in response to MiCA compliance challenges for asset-referenced tokens, encouraging shifts to compliant decentralized options like Aave.
GUSD is being removed from the list of Cash Stablecoins and its PSM-GUSD-A debt ceiling reduced to adapt to recent MIP104 changes in MIP102c2-SP20, limiting its role in protocol stability mechanisms.
GUSD was removed from the list of Cash Stablecoins under MIP102c2-SP20, eliminating its recognition and requiring the PSM-GUSD-A debt ceiling to be reduced to zero.
MakerDAO reduced GUSD's PSM debt ceiling from 500M to 110M DAI in June 2023 due to its low liquidity and inferior yields compared to USDC in custody, limiting its role in DAI backing.
Integration into Curve's crvUSD Pegkeeper raises concerns over Gemini's regulatory uncertainty from SEC charges on the Earn program, though GUSD reserves remain isolated per NYDFS rules. Heavy concentration (~80%) in MakerDAO's PSM introduces governance risks, while dependence on Gemini for minting/redemption could cause disruptions in bankruptcy, potentially affecting crvUSD peg stability.
The GUSD PSM debt ceiling was cut to 110 million DAI and tout rate to 0% to curb new DAI issuance against GUSD, amid heightened tail risks and market volatility from the Prime Trust insolvency affecting stablecoin custodians.
PSM-GUSD-A included in PSM Breaker mechanism post-SVB crisis to facilitate immediate debt ceiling reductions in response to potential stablecoin exposures.
Gauntlet monitored GUSD utilization levels through its risk alerting platform, tracking supply and borrow dynamics for potential imbalances.
GUSD-A vault offboarded as it serves little purpose to the protocol since the PSM was established; liquidations in November 2022 cleared all undercollateralized positions, leaving only 3.682 million DAI in overcollateralized debt across stablecoin vaults.
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Tracking 6 pools, average APY 1.33%
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabGUSD-3CRV | $1.07m | 1.24% | 0.79% | 1.57% | |||||
| open in new tabCTUSD-GUSD | 🪂 | $573,515 | 0.03% | 0.03% | 10.33% | ||||
| open in new tabGUSD-RUNE | $200,582 | 0% | 0% | ||||||
| open in new tabCTUSD-GUSD | $95,746 | 2.71% | 2.71% | 4.86% | |||||
| open in new tabGUSD-USDC0.3% | $12,136 | 0% | 0% | 6.96% | |||||
| open in new tabRGUSD | $10,923 | 0% | 0% | 0% |
