The exciting news doing the rounds is that Gemini customers are now earning interest on more than $3 billion in loans that originated through Gemini Earn. The name behind Gemini being Tyler Winklevoss and Cameron Winklevoss will tell you the rest in terms of reputation.

Tyler Winklevoss expressed:  There is now over $3 billion of crypto earning interest in @Gemini Earn. We’ve hit this milestone in less than six months since its launch this February. Additionally, you can earn up to 7.4% APY on your crypto held at Gemini.

Gemini Earn helps users to put their crypto balance to work. With Gemini Earn, you can receive up to 8.05% APY on your cryptocurrency, including stable coins.

The sooner you open an account, you can purchase any amount of cryptocurrency and immediately opt-in to Gemini Earn to begin earning interest on your balance.  Unlike other opportunities to earn interest on your cryptocurrency, you will be able to redeem and move your cryptocurrency back to your trading account (plus interest) at any time.

The interest compounded daily is up to 8.05% in APY. They are implementing the industry’s leading security protocols across the platform at par with top financial institutions.

Gemini Dollar (GUSD) is the 1:1 USD-backed stablecoin built by a secure, reliable, and regulated cryptocurrency exchange. It is always convertible to exactly $1 at Gemini.

For clarity, Gemini is a U.S. company regulated by the New York Department of Financial Services. GUSD reserves are eligible for FDIC insurance up to $250,000 per user while custodied with State Street Bank and Trust.

It is transparently audited, and there are no compromises: USD reserve audits are published monthly by an independent registered accounting firm, BPM LLP, and the Ethereum smart contract has been audited by Trail of Bits, a leading information security research & development firm. Also, there are no fees to buy or sell GUSD through Gemini.

The GUSD can be used to transact on decentralized exchanges, to trade and stake in DeFi. In addition, holders earn high yields in DeFi by using Gemini Earn.

GUSD can be used with DeFi Automated Market Makers and other liquidity pools. In addition, it can be used to spend in daily life and to send across borders in seconds to further spend at stores that accept Gemini Pay.

Also, GUSD is an Ethereum ERC-20 token, fully programmable and ready for use in smart contract development. Users enjoy the transfer happening in seconds and settlement on the Ethereum Blockchain.

GUSD is supported across dozens of DeFi protocols, applications, and exchanges.