Gemini Dollar (GUSD) Stablecoin Gets Acceptance on BitMart Crypto Exchange

BitMart Exchange is the latest crypto trading exchange to list the Gemini Dollar (GUSD) on its platform. This move signifies the growing popularity of the GUSD and comes with several benefits for BitMart.

Harnessing Trustworthiness And Liquidity

The Gemini Dollar is categorized as a stable value coin, also known as a stablecoin. It is designed to offer low volatility against the world’s most influential official currencies such as the Dollar and Euro. To this end, GUSD’s developers decided to tether the Gemini Dollar to the U.S. dollar on a ratio of 1:1.

For BitMart, offering the GUSD will be good for business in terms of trustworthiness and liquidity. For starters, more people will be willing to join the platform by buying GUSD considering it is essentially holding the U.S. dollar’s value in real time. This will increase the platform’s customer base and, consequently, the cash flow, thus giving BitMart greater liquidity than it enjoys today.

It will also help to build trust as the Gemini Dollar is more reliable than most other cryptocurrencies including Bitcoin – the government’s regulation of the U.S. dollar means that there is less volatility and, consequently, less risk.

Early Phases Of Implementation

The BitMart team has already issued a press statement confirming this news. Sheldon Xia, the Founder and CEO of BitMart, said that the company has optimized its systems to accommodate the GUSD. However, the listing is still in its early phases – the only pair available for the Gemini Dollar is GUSD/USDT. However, Mr. Xia promised to offer more pairs soon as the implementation of this latest entrant takes shape.

Why The Buzz Around The Gemini Dollar?

The Gemini Dollar is relatively new compared to many other cryptocurrencies and stablecoins. However, it is dominating headlines as its popularity grows around the world. It has already been listed on several global crypto exchange platforms. So, how is it different from other stablecoins?

The Gemini Dollar is unique in one key aspect: it is the world’s first regulated stablecoin with oversight from the New York State Department of Financial Services (NYDFS). The stablecoin was developed by the Gemini Trust Company, LLC. As mentioned earlier, it was pegged to the U.S. dollar on a ratio of 1:1. To this end, it has emerged as a stabilizer for cryptocurrency traders and even a value storage vehicle for investors and speculators.

However, the GUSD has risen in the midst of another popular stablecoin’s demise: the Tether (USDT). The USDT was founded on the same principles as the GUSD, but time has proven that it could not live up to its promises. Its popularity has been waning since it lost its grip on the U.S. dollar, effectively reducing it to an ordinary cryptocurrency – however, it would not come as a surprise if the USDT had a comeback.


The Gemini Dollar seems to have a bright future considering its soaring popularity and its very nature. For BitMart customers, the company’s move to list the GUSD will open up greater transactions and trading opportunities, foster trust, and boost security while also reducing risks.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Here’s the Larger Trend that Will Continue to Persist in the Markets

Yesterday, the bitcoin price dropped by 6.6% as it went down to $11,150. Today, the prices went down even further only to make it...

Another Unaudited ‘Zero Value' Farming Token is Taking the DeFi World by Storm & Coins Flying

The cryptocurrency world has been much faster than the traditional world, and now the DeFi space is running at a quicker pace than...

DeFi-Focused Protocol, Chia Network, Raises Another $5M in Funding Round

Chia Network, a Layer 1 focused blockchain project, has raised another $5 million in a funding round led by Slow Ventures. This latest...

Coinbase Withdraws From Blockchain Association Shortly After Binance.US Joins

Coinbase withdraws from the blockchain lobbyist group a day after Binance.US, Binance’s American wing, joined the group. In a report first published by The...

U.S Banks and Big Tech Ask the OCC for More Clarification to Issue Crypto Services

The United States Office of the Comptroller of the Currency (OCC) has received over 90 responses from various stakeholders’ in the financial services sector...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today