Cryptocurrency Q&A Is Gusd a stable coin?

Is Gusd a stable coin?

BonsaiBeauty BonsaiBeauty Mon Oct 28 2024 | 6 answers 1346
I've been hearing a lot about cryptocurrencies recently, and one that has piqued my interest is Gusd. I'm wondering if it's considered a stable coin. Can anyone confirm if Gusd is indeed a stable coin or not? Is Gusd a stable coin?

6 answers

BitcoinWarrior BitcoinWarrior Wed Oct 30 2024
This feature makes GUSD a reliable digital alternative to traditional currency.

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EmmaWatson EmmaWatson Wed Oct 30 2024
The cryptocurrency is built on the Ethereum blockchain, leveraging the platform's advanced technology.

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SsamziegangStroll SsamziegangStroll Wed Oct 30 2024
Gemini Dollar (GUSD) represents a unique concept in the world of cryptocurrencies.

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Silvia Silvia Wed Oct 30 2024
Smart contracts play a crucial role in ensuring the transparency and stability of GUSD.

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Nicola Nicola Wed Oct 30 2024
As a stablecoin, it is designed to maintain a consistent value by being pegged to the US dollar.

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