Gemini Dollar struggles to stay afloat with 88% decline in market Capt

Amidst all stablecoins that continue to enjoy a significant spike in their market capitalization, owing to the recent Tether-Bitfinex controversy, Gemini Dollar, witnesses a steep plunge of eighty eight percent (88%). Gemini Dollar (GUSD), a blockchain-based USD stablecoin founded by the famous Zuckerberg rivals – The Winklevoss twins, received its fair share of hype since its launch. Unfortunately, the recent seven months have not been one of its proudest moments. GUSD’s downward climb The following market analysis for stablecoins demonstrates a significant decline in the GUSD’s market cap. From over one hundred and three million dollars ($103.91 million) in December,