GUSD Joins Loop Crypto Ecosystem to Power Crypto Payments

Today, we are delighted to announce that Gemini dollar (GUSD) is now supported on Loop Crypto. Integrating with Loop Crypto is an important milestone for GUSD as we continue to expand access to stable on-chain value and payments.

Loop Crypto addresses a key challenge presented by Web3 — enabling autopay and recurring crypto payments in a simple and secure way. While Web3 and self-custody provide an individual or business with full control over their assets, this control can lead to burdensome approvals each time a subscription, salary payment, or token swap is made. Loop Crypto eases that burden by offering a reliable, trusted payment solution.

Learn more about GUSD

Adding GUSD to the Loop Crypto ecosystem will allow dozens of Web3 companies to process millions of transactions using GUSD, which offers several key features, including:

• Dollar-backed: GUSD is a U.S. dollar-backed stablecoin that can always be redeemed one-to-one on Gemini at any time.
• Transparent: Attestations of GUSD’s reserves are published monthly by an independent registered accounting firm. GUSD is built on the Ethereum blockchain, allowing anyone to view the total number of GUSD in circulation at any time.
• Seamless conversion: Easy conversions from GUSD to USD for free. Log in to the Gemini mobile app and on the Market page, tap GUSD to convert for free.

Backed by a16z, Archetype, Alchemy Ventures, and Reverie, Loop Crypto brings the “set it and forget it” functionality of Web2 to Web3. Loop Crypto works with leading Web3 companies including ENS, Nansen, Entendre Finance, Integral, Hash Basis, Satsuma, and is integrated with Stripe.

As stablecoins continue to develop globally as a crucial onramp for crypto and Web3, we support Loop Crypto’s mission to make crypto payments more accessible. Loop Crypto customers around the world will now be able to use GUSD to seamlessly transfer between crypto and fiat.

Onward and Upward!

Team Gemini