Cryptocurrency Q&A Is my GUSD safe?

Is my GUSD safe?

SkyWalkerEcho SkyWalkerEcho Tue Jul 30 2024 | 5 answers 1247
I understand that GUSD, the stablecoin issued by Gemini, is designed to maintain a 1:1 peg with the US dollar. However, as a concerned investor, I can't help but wonder, is my GUSD truly safe? How does Gemini ensure that the value of GUSD remains stable and that it can be redeemed for US dollars at any time? Are there any risks or vulnerabilities associated with holding GUSD that I should be aware of? Can you elaborate on the measures Gemini has in place to protect the value and security of GUSD? Is my GUSD safe?

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