Geist USDC
gUSDC is an interest-accruing token that represents a USDC deposit in the Geist lending market
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- Asset Type: ERC-20
- Fully Diluted Valluation: $1.7M
- Total Supply: 1,721,536
- ATH: $1.02 (05/12/2022)
- ATL: $0.89 (03/11/2023)
gUSDC 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.
gUSDC is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.
gUSDC has an uncapped supply but has inflation control or burn mechanisms in place. gUSDC is a receipt of a USDC deposit in the Geist lending protocol and accrues interest. USDC on Fantom is backed 1:1 by USDC locked in the Multichain protocol on the Ethereum chain.
gUSDC is a stablecoin that usually trades within 20bps of its peg to USD, which makes it a solid store of value.