Comment Comment by Hjfrf GUSD isn't FDIC insured, unless their homepage has it wrong. It's the dollar accounts in Gemini's name that are FDIC insured.So if there's an exploit where GUSD can be stolen/duplicated, or if Gemini defaults the insurance is meaningless.What it means is that if a bank where Gemini holds an account defaults, the government will pay Gemini up to $250k. parent Hjfrf 4 years ago
So if there's an exploit where GUSD can be stolen/duplicated, or if Gemini defaults the insurance is meaningless.
What it means is that if a bank where Gemini holds an account defaults, the government will pay Gemini up to $250k.