Gemini Dollar to Be Delisted From Coinbase on May 7th

Coinbase will delist Gemini Dollar on May 7th at 18:00 UTC. Refer to the official tweet by GUSD: We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Gemini Dollar & GYEN (GYEN) on May 7, 2025, on or around 2 PM ET.GUSD InfoGemini is a cryptocurrency exchange, founded by Cameron and Tyler Winklevoss. The platform emphasizes regulatory compliance and security, making it one of the more trusted exchanges globally. Gemini offers various services, including cryptocurrency trading, staking, a crypto credit card, and a marketplace for NFTs through its subsidiary, Nifty Gateway.Gemini’s native token is GUSD (Gemini Dollar), a stablecoin pegged to the U.S. dollar. GUSD is fully regulated and backed by cash reserves and U.S. Treasury bills. The reserves undergo monthly attestations by independent accounting firms to ensure transparency. This stablecoin allows users to transfer funds efficiently, earn staking rewards, or provide liquidity across decentralized finance (DeFi) platforms. GUSD is part of Gemini’s efforts to bridge traditional finance with blockchain technology​.Key Features of Gemini and GUSD:— Regulation and Security: GUSD was one of the first stablecoins to be regulated by the New York State Department of Financial Services (NYDFS). — Liquidity and Utility: The token is widely accepted across DeFi platforms and used for trading, staking, and payments. — Transparency: Gemini publishes monthly attestations of its reserves to ensure trust and reliability. — No Fees for Conversion: Users can convert USD to GUSD for free on the Gemini platform.