Gate, a world digital asset trade, has launched GUSD, a blockchain-based funding certificates backed by U.S. Treasury bonds and different real-world property. In contrast to conventional stablecoins used solely as a medium of trade, GUSD combines value stability with funding development by producing returns from curiosity on its underlying property.
Customers can receive GUSD by buying and selling instantly on the spot market or by minting it at a 1:1 ratio with USDT or USDC. As soon as issued, GUSD can be utilized for buying and selling, deposits, withdrawals, financial savings merchandise, lending, and staking. At redemption, holders obtain each their preliminary quantity and amassed returns. For instance, 100 USDT transformed to GUSD and redeemed after incomes a 20% return would supply 120 USDT.
GUSD additionally capabilities as a margin asset in Gate’s unified accounts and has been built-in into versatile financial savings and staking applications. The platform has launched a devoted GUSD staking pool with token rewards and plans to increase its use throughout extra merchandise and liquidity incentives.
Gate has said that the overall GUSD fund measurement may exceed $100 million within the close to time period. To make sure transparency, the corporate will publish reserve proofs and disclose custodian preparations, confirming that every GUSD token is totally backed by real-world property with 100% reserves.
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