Gemini Dollar is a regulated stable coin. Gemini Dollar developers especially emphasize the transparency and manageability of this cryptocurrency, since it is under the supervision of the New York State Department of Financial Services (NYDFS) and is subject to US laws and regulations. The dollars that are attached to the coin are stored in a special bank account of the American holding company State Street Corporation, in addition, the account where the dollars are stored is insured with the Federal Deposit Insurance Corporation (FDIC).

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Sad news today regarding Silicon Valley Bank (SVB). Our thoughts are with all those impacted. 

@Gemini does not have any banking relationship with Silicon Valley Bank. This includes all Gemini products and services, including the Gemini dollar (GUSD).