Provider profile · 2026 edition
Gemini (GUSD) review 2026: scores, reserves and alternatives.
Gemini dollar is issued by Gemini under NYDFS regulation.
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Gemini dollar is issued by Gemini under NYDFS regulation.
Gemini (GUSD) scores 3.1 out of 5 (63 out of 100) in the Buckingham Intelligence Stablecoin Issuers Index 2026 and ranks 5 of 11. It is strongest for firms already on Gemini wanting fee-free conversion and named reserve banks, and its best criterion is reserves at 4 out of 5. Not published or not stated on the pages read: redemption.
Scores from the Stablecoin Issuers Index 2026.
No award in the Stablecoin Issuers Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For payment and e-money firms | 65 | 4 of 11 |
| For exchanges and brokers | 58 | 6 of 11 |
| For corporate treasuries | 67 | 4 of 11 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Firms already on Gemini wanting fee-free conversion and named reserve banks.
What Gemini (GUSD) publishes on its own pages, read on 26 October 2026.
Gemini dollar is issued by Gemini under NYDFS regulation. It names its reserve banks, publishes monthly attestations by BPM LLP with an extra check on a random day each month, and lists zero trading fees for GUSD and US dollar conversion. It runs on Ethereum only and does not publish redemption times or limits.
| Fact | What the provider publishes |
|---|---|
| Reserves | Reserves held as deposits in FDIC-insured banks and money market funds "invested only in U.S. Treasury obligations"; cash portion "may be held at State Street Bank and Trust Company, Goldman Sachs, or Fidelity" and may be eligible for FDIC pass-through insurance. |
| Independent assurance | "Attestations of GUSD's reserves are published monthly by an independent registered accounting firm, BPM LLP. In addition to these monthly attestations, BPM LLP conducts attestation examinations on one randomly-selected business day each month." |
| Regulatory standing | "GUSD has been fully regulated by the New York State Department of Financial Services (NYDFS) since 2018." No licence number on the page. |
| Redemption | "Gemini customers can always redeem 1 GUSD for $1 on Gemini at any time." Redemption time and minimum not published. |
| Published fees | API fee schedule: GUSD/USD and USDC/GUSD pairs at 0.00% maker and taker fees in the lowest tier. GUSD page: convert USD to GUSD "fee-free" in the app. |
| Currencies and networks | "GUSD is an Ethereum-based ERC-20 token." One currency: US dollar. |
| Date read | 26 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 26 October 2026 from: gemini.com/dollar, gemini.com/fees/api-fee-schedule.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Stablecoin Issuers Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Circle (USDC and EURC) | 4.3 | 1 of 11 | Payment firms and exchanges needing the widest licensing and network coverage |
| Paxos (USDG, USDP and PYUSD) | 3.6 | 2 of 11 | Payment firms wanting free redemption and a Big Four attestation |
| Tether (USDT) | 3.5 | 3 of 11 | Exchanges and large traders needing the most widely held dollar stablecoin |
| Agora (AUSD) | 3.3 | 4 of 11 | Fintechs and platforms wanting fee-free minting and a share of reserve income |
| StraitsX (XSGD, XUSD and XIDR) | 2.8 | 6 of 11 | Payment firms in Southeast Asia needing a Singapore dollar stablecoin |
| Quantoz (EURQ and USDQ) | 2.7 | 7 of 11 | European firms wanting free direct redemption without an existing account |
| Societe Generale-Forge (EURCV and USDCV) | 2.5 | 8 of 11 | European banks and institutions wanting a bank-group issuer with daily reserve disclosure |
| AllUnity (EURAU, CHFAU, SEKAU and USDAU) | 2.4 | 9 of 11 | European corporates wanting a no-code mint account and several currencies |
| Ripple (RLUSD) | 2.4 | 10 of 11 | Banks and brokers wanting a New York trust issuer |
| Monerium (EURe and GBPe) | 1.9 | 11 of 11 | Fintechs and wallets needing euro tokens linked to a named IBAN |
Side by side on every criterion, fact and award.
Tell us what you need and where you operate.