GUSD

GUSD in this listing refers to a yield-bearing dollar product offered within the Gate exchange ecosystem. It is described as a principal-protected product that distributes rewards daily, minted by staking USDT or USDC, and it functions as a yield-bearing certificate rather than as a conventional payment stablecoin.

How GUSD works

Users stake dollar stablecoins and receive GUSD in return, which then accrues daily rewards. The stated sources of those returns are revenue from the Gate ecosystem, tokenized treasuries and other real-world assets, and stablecoin-backed yield strategies. Combining several income sources is intended to produce relatively consistent returns across different market conditions rather than depending on a single mechanism such as funding rates or lending demand. GUSD is described as tradeable and usable as collateral within the platform.

There is no maximum supply. Total supply is around 320 million with roughly 150 million in circulation, reflecting the amount currently minted against staked deposits.

Role in the ecosystem

Yield-bearing dollar products issued by exchanges have become common, and they differ meaningfully from fiat-backed stablecoins. The value proposition is income rather than settlement, and the risk is tied to the specific strategies generating that income and to the platform operating them. The term principal-protected in this context describes the product's structural design, not an external guarantee or deposit insurance. Anyone evaluating such a product should read the issuer's own documentation on where the yield comes from and what happens under stress conditions. It is also worth checking whether the token can be redeemed on demand or whether redemption is subject to notice periods, since yield products often deploy capital into positions that cannot be unwound instantly. Note that this token is distinct from the Gemini dollar, which uses the same ticker.