Is the Gemini Dollar (GUSD) a strong Stablecoin?

The Gemini Dollar (GUSD) is one of the oldest stablecoins. It’s been around since September 2018. Yet the Gemini Dollar is one of the largest stablecoins on the market.

For instance, the Gemini Dollar was the 11th largest stablecoin and the 145th largest cryptocurrency on 6 July 2022, CoinMarketCap estimates. Furthermore, CoinMarketCap gave the Gemini Dollar a 99.6₵ Coin Price, a $167.584 million Market Capitalization, a $168.815 million Fully Diluted Market Cap, and a 24-Hour Market Volume of $2.429 billion. They based those numbers on a…