GUSD
The Gemini Dollar (GUSD) is a stablecoin created by the cryptocurrency exchange Gemini, founded in February 2014. Launched in September 2018 with approval from the New York Department of Financial Services (NYDFS), GUSD is an ERC-20 token built on the Ethereum network. The Gemini Trust Company holds USD deposits corresponding to the number of GUSD tokens in circulation, ensuring a 1:1 peg to the U.S. dollar. Smart contracts governing GUSD have been audited by the security company Trail of Bits Inc. As a fully regulated stablecoin by the NYDFS, GUSD aims to bridge the gap between traditional finance and the crypto industry, providing a secure and stable medium for digital asset transactions.
MakerDAO Keeps USDC as Primary Collateral for Dai
MakerDAO has voted to keep USDC as the primary collateral for Dai, rejecting a proposal to diversify into GUSD and USDP. The decision was made based on reduced risks from a cascading bank run in the US and USDC's return to a $1 peg.
Alternatives of USDT Gained Wider Merchant Access including Microsoft
Currently, BitPay supports Bitcoin, Bitcoin Cash, and Ether Payments. As of recent, the blockchain payment processor will now accept Circle USD, Gemini Dollar, and Paxos Standard Token.