Gate GUSD minting volume exceeded US$120 million, backed by real assets such as US bonds

Odaily Planet Daily News According to the latest data from CoinGecko, GUSD, the RWA income stablecoin launched by Gate recently, has exceeded US$120 million since its official launch on August 29. As an investment certificate backed by real assets such as US bonds, GUSD not only provides stability, but also has the characteristics of increasing value over time. Users can receive principal and accumulated income in one go when redeeming. Unlike traditional stablecoins that are only used for payment, GUSD has brought about an annualized return of about 4.4% to users with the dual advantages of "stable income + flexible application", and has been connected to Gate's spot, Launchpool, Earn and other diversified ecosystems. CoinGecko pointed out that the emergence of GUSD not only provides low-risk and return channels for crypto users, but also highlights Gate's innovative position in the stablecoin and RWA track, and is expected to become a new hub connecting compliant finance and Web 3 applications.