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Gemini’s GUSD Stablecoin Falls Off Peg Following OKX Delisting

The Gemini Dollar (GUSD) has been experiencing some fluctuations, with the stablecoin losing its peg over the past week. The exchange is currently the center of attention for its Gemini Earn program.

Gemini and the stablecoin market are facing troubles after the Gemini Dollar (GUSD) stablecoin lost its $1 peg over the past 24 hours. The stablecoin has been dropping to as low as $0.98 over the past week, and in the past 24 hours, it has been fluctuating quite wildly. The last time the GUSD token price behaved like this was at the end of 2022.

OKX did not offer any specific reasons why GUSD was listed, rather simply stating the generic rationale of maintaining “a robust spot trading environment, we constantly monitor the performance of all listed projects and review their listing qualifications on a regular basis.”

(By Rahul Nambiampurath)

Gemini Dollar Gemini Dollar $1.00
-0.29%
Gemini OKX
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