The Gemini Dollar (GUSD) is a regulated stablecoin issued by Gemini, a well-known cryptocurrency exchange. Launched in September 2018, it is pegged to the US dollar and designed to maintain a 1:1 value ratio. This article provides a comprehensive historical overview of GUSD's price, market capitalization, and trading volume, offering valuable insights for investors and crypto enthusiasts.
Understanding the Gemini Dollar (GUSD)
GUSD is an Ethereum-based ERC-20 token, meaning it operates on the Ethereum blockchain. Each token is backed by one US dollar held in a FDIC-insured bank account, subject to regular audits to ensure transparency and full backing. This structure aims to combine the stability of the US dollar with the flexibility and global accessibility of cryptocurrency.
Historical Price Overview
Our historical data for Gemini Dollar begins on Saturday, October 2018. The first exchange rate recorded by our platform was $1.01. As a stablecoin, its primary goal is to maintain parity with the US dollar, and its price has predominantly hovered very close to this $1.00 mark throughout its history.
However, like many assets, it has experienced periods of volatility driven by market dynamics. The highest price GUSD ever reached was $2.57 in January 2025**, a significant spike often attributed to extraordinary market conditions. Conversely, its lowest recorded price was **$0.7908 in March 2025.
Annual Performance Analysis
- Initial Year (2018): For the first full year of available data, GUSD closed at $1.00, representing a 98.88% increase from its opening price that year.
- Peak Performance Year (2024): The best average annual price for GUSD was in 2024, with an average value of $1.11. The year closed strongly at $2.30 after reaching a maximum price of $2.54 during that period.
This data illustrates that while designed for stability, GUSD can and has deviated from its peg during times of extreme market stress or high demand, presenting both risks and opportunities. For those looking to track such movements in real-time, you can view real-time stablecoin tools.
Recent Market Data and Trends
The following section details the recent daily trading activity for GUSD, highlighting its price stability, trading volume, and market capitalization. This data is crucial for understanding its day-to-day market behavior.
A consistent pattern in the data below is the stable price, consistently opening, closing, and trading at $1.00 throughout the displayed period, demonstrating a return to its intended peg after periods of volatility.
| Date | Open | High | Low | Close | Volume | Volume (GUSD) | Market Cap |
|---|---|---|---|---|---|---|---|
| 07/03/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $269.5 K | 269,601 | $58.8 m |
| 07/02/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $273.1 K | 273,252 | $58.8 m |
| 07/01/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $261 K | 261,157 | $58.8 m |
| 06/30/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $269.8 K | 269,941 | $58.8 m |
| 06/29/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $273.6 K | 273,714 | $58.8 m |
| 06/28/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $275.6 K | 275,721 | $58.8 m |
| 06/27/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $284 K | 284,155 | $58.8 m |
| 06/26/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $287.6 K | 287,732 | $58.8 m |
| 06/25/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $290.3 K | 290,380 | $58.8 m |
| 06/24/2025 | $1.00 | $1.00 | $1.00 | $1.00 | $275.9 K | 276,018 | $58.8 m |
Table 1: Sample of recent daily GUSD market data. O = Open price, C = Close price.
The trading volume during this period shows consistent activity, typically ranging between approximately $260K and $290K per day, with some outliers. The market capitalization remained stable at $58.8 million, indicating a steady supply of tokens in circulation.
Key Events Impacting GUSD
The price and adoption of a stablecoin can be influenced by broader industry events and specific announcements from the issuing company. Here is a timeline of notable events that have occurred throughout GUSD's history:
- July 2, 2025: A major announcement was made.
- May 29, 2025: Bitcoin 2025 conference.
- April 25, 2025: Implementation of combined order books.
- March 18, 2025: Digital Asset Summit 2025.
- February 13, 2025: NFT Paris Conference.
- December 31, 2024: Closure of Canadian accounts.
- October 29, 2024: Gemini received an In-Principle Approval (IPA).
- October 2, 2024: Messari Mainnet 2024 conference.
- March 3, 2024: Crypto Expo Europe.
- January 11, 2024: Gemini began custodial services for an ETF.
These events often correlate with changes in trading volume, user confidence, and overall market attention, which can indirectly affect the stability and price of GUSD. To explore more strategies for navigating these market influences, deeper analysis is often required.
Frequently Asked Questions
What is the main purpose of the Gemini Dollar (GUSD)?
GUSD is designed to provide the price stability of the US dollar with the technological advantages of a cryptocurrency. It is primarily used as a safe haven during market volatility, a medium of exchange on crypto platforms, and a bridge for transferring value between traditional finance and digital assets without the price risk associated with other cryptocurrencies.
Why did GUSD's price deviate from $1.00 in the past?
Despite its peg, GUSD's price has experienced deviations due to extreme market conditions, such as periods of incredibly high demand that outstripped immediate supply or moments of market-wide panic. These deviations are typically arbitraged away by traders, eventually bringing the price back to its $1.00 target.
How is the value of GUSD secured?
The value of each GUSD token is secured by holding an equivalent amount of US dollars in segregated bank accounts. These reserves are regularly attested to by independent auditors, ensuring that the token remains fully backed and collateralized at all times, which is crucial for maintaining trust and stability.
Where can I buy and trade Gemini Dollar?
GUSD is available for trading on numerous cryptocurrency exchanges, including its native platform, Gemini. It can be traded for other digital assets like Bitcoin and Ethereum or redeemed directly for US dollars by verified users on the Gemini exchange.
What are the advantages of using GUSD over other stablecoins?
A key advantage of GUSD is its regulatory compliance and emphasis on transparency through regular audits. It was one of the first regulated stablecoins to receive approval from the New York State Department of Financial Services (NYSDFS), which appeals to users prioritizing security and regulatory oversight.
Is my GUSD investment risk-free?
No investment is entirely risk-free. While GUSD is designed to be stable and is backed by dollar reserves, it still carries risks, including potential regulatory changes, the operational risk of the Gemini exchange, and the smart contract risk associated with its ERC-20 token standard.