Geist USDT
gUSDT is an interest-accruing token that represents a USDT deposit in the Geist lending market
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- Asset Type: ERC-20
- Fully Diluted Valluation: $8M
- Total Supply: 7,969,754
- ATH: $1.01 (03/12/2023)
- ATL: $0.97 (05/12/2022)
gUSDT is a large-cap undercollateralized asset. This asset depends on a centralized entity for custody services. This asset is exposed to the underlying risks of Multichain and Geist, which are protocols both rated as Watch out.
gUSDT is a stablecoin that consistently trades within 10bps of its peg to USD, which makes it a great store of value.
gUSDT has an uncapped supply but has inflation control or burn mechanisms in place. gUSDT is a receipt of a deposit of USDT in the Geist lending protocol and accrues interest. USDT on Fantom is backed 1:1 by USDT locked in the Multichain bridge protocol on the Ethereum chain.
gUSDT is a stablecoin that consistently trades within 10bps of its peg to USD, which makes it a great store of value.