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GUSD seems to be about as safe as USDC (1:1 backing in banks) but careful where you try to earn interest on them. Gemini Earn hands over your GUSD to Genesis Tr
by iskander 4y ago
GUSD seems to be about as safe as USDC (1:1 backing in banks) but careful where you try to earn interest on them. Gemini Earn hands over your GUSD to Genesis Trading, with no guarantee you get anything back if they implode. DeFi yield in this case is actually safer on a platform like Aave but with safety comes low APY (~1%).