USDG

Some general questions about USDG

Following are some popular questions about USDG. For a more detailed run down of this topics, please visit the official documentation here.

What is USDG?

USDG is a stable coin that is pegged to the US dollar. Pegging means that its value is tied to the USD. In simpler terms, 1 USDG is always equal to 1 USD.

Gypsy mints a new USDG when a user deposits $1, and burns one when a user cashes that USDG for a dollar. This simple mechanism ensures a 1:1 pool of USDG <--> USD.

What can I use USDG for?

Within the Gypsy ecosystem, USDG is the gateway coin for getting started with real-estate investments. Most users purchase USDG to convert it to GPSY tokens.

However, one can do everything with USDG that you would with any other stable coin. Payments, remittance and streamlining financial transactions without involving a bank are the most popular uses.

Is USDG liquid?

Yes USDG is liquid. You can trade this coin for a fiat USD at any time.

Is the liquidity pool always 1:1?

Yes the liquidity is always 1:1, meaning there is a cash reserve for every dollar converted to USDG. The actual funds are either kept as cash, cash-reserves, or money market instruments.

Is there a fee for converting dollar to USDG?

In addition to gas fees, some fees may apply when you convert your dollar to USDG. Fees is typically higher for smaller denominations (< $10), and is fairly nominal for much higher amounts (e.g., $10k+).

Please refer to our site for the latest fees.