Gate USD (GUSD) is a fiat-backed US dollar stablecoin. It has about $319M in circulation, ranking #29 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
GUSD price
$0.9978
On peg Circulating supply
$319M
30-day change
0.0%
Price
$0.9978
Blockchains
1
Tracked since
Oct 2025
What is GUSD?
Gate USD (GUSD) is a fiat-backed US dollar stablecoin. It has about $319M in circulation, ranking #29 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
In the issuer's words: GUSD is a flexible, principal-protected investment product that distributes rewards daily. Its returns are sourced from the Gate ecosystem's revenue, tokenized treasuries or other RWA, and stablecoin-backed yield assets—designed to provide relatively stable yields in both bullish and bearish market conditions. Additionally, GUSD is fully tradable and can be used as collateral.
GUSD supply history
$330M$0
Oct 8, 2025Oct 8, 2026
$330M$0
Oct 1, 2025Oct 8, 2026
GUSD supply was flat over the past 30 days. It is at or near its all-time high.
Is GUSD holding its peg?
Last price
$0.9978
Target
1.0000 USD
Status
On pegGUSD is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where GUSD lives: supply by blockchain
Supply is concentrated: Ethereum holds 100% of all GUSD. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How GUSD is backed
Each GUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Minting and redemption: You can stake USDT/USDC to mint GUSD as a yield-bearing certificate. Upon redemption, GUSD will be converted to USDT/USDC at a 1:1 ratio.
GUSD risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
GUSD vs USDT and USDC
Similar fiat-backed stablecoins
See all →
GUSD in the news
GUSD FAQ
What is GUSD?
Gate USD (GUSD) is a fiat-backed US dollar stablecoin. It has about $319M in circulation, ranking #29 among the stablecoins CoinScoop tracks, and runs on 1 blockchain.
Is GUSD pegged 1:1 to the US dollar?
GUSD targets 1 USD. At the last update it traded at $0.9978, a deviation of -0.22%, which we classify as "on peg".
What backs GUSD?
GUSD is a fiat-backed stablecoin. Each GUSD is meant to be redeemable for one unit of its reference currency, backed by reserves such as bank deposits and short-term government debt held by the issuer or its custodians.
Which blockchains is GUSD on?
GUSD is live on 1 blockchain. The largest by supply are Ethereum ($320M).
How much GUSD is in circulation?
About $319M of GUSD was in circulation at the last update, 0.0% over 30 days. That makes it the #29 stablecoin by supply among those we track.
Is GUSD safe?
No stablecoin is risk-free. As a fiat-backed design, GUSD's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.