What’s Happened to Gemini Dollar? Supply Down 92% YTD19.2

Demand for Gemini exchange’s native stablecoin, Gemini dollar (GUSD), has dropped significantly over the last 7 months while other pegged-value assets continue to soar.

The market capitalization of the dollar-pegged token has been on its way down since December 20, 2018. It has slipped from an all-time high of $103.106 million to $7.981 million at the time of this writing, marking a 92.25% drop in just seven months. The same period has witnessed the bitcoin price soaring from $3,126 to $10,336.17, up by more than 230 percent.

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