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JUN 22, 2022

Gemini Users Can Now Trade Gemini Dollar (GUSD) with British Pounds (GBP)

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We are pleased to announce that Gemini users in the UK and U.S. can now trade Gemini dollar (GUSD) with British Pounds (GBP), joining the U.S. dollar (USD) and Singapore dollar (SGD).

Gemini dollar is a stablecoin built on the Ethereum network and is backed 1:1 by fiat and cash equivalents. Launching the GUSD/GBP trading pair is an important step in expanding the accessibility of crypto globally, making our stablecoin available to UK customers in their local currency.

GUSD/GBP pairs are available on the Gemini Mobile App and website, and on our ActiveTrader and API/FIX applications.

Across the crypto ecosystem, Gemini dollar serves as a bridge between fiat currency and DeFi, and is actively used to trade and stake on decentralized exchanges, in DeFi lending protocols, and more.

All reserves backing GUSD are held in accounts with State Street Bank and Trust, Signature Bank, and Goldman Sachs Asset Management. Every month, the reserve balance is examined by BPM LLP, an independent registered public accounting firm, to verify GUSD’s 1:1 backing, with BPM’s monthly attestations posted for review on our website. GUSD is issued by Gemini Trust Company, LLC, a New York trust company regulated by the New York State Department of Financial Services.

Read more about the different types of stablecoins on our blog.

Onward and Upward!

Team Gemini

Gemini Europe, Ltd (company number 11497305), is an Electronic Money Institution authorised by the Financial Conduct Authority in the United Kingdom under the Electronic Money Regulations 2011, with firm reference number 900988.
Cryptoasset services are provided in the UK by Gemini Europe Services, Ltd. which is a cryptoasset firm registered with the Financial Conduct Authority in the United Kingdom.

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