Stablecoins
Last updated
Last updated
Geminon stablecoins are ERC20 tokens with elastic supply. New supply can only be created via the stablecoin minter (SC minter) smart contract in exchange for GEX tokens. For more information on this system, consult the section on the limiter:
All Geminon stablecoins incorporate in their contract a connection to a price feed from the Chainlink oracle network that provides updated prices of the currency's exchange rate that replicate against the dollar. The last price value of the coin can be obtained by calling the getPegValue() function. Chainlink oracles use real Forex market values as their data source, making them extremely secure against any type of attack.
All Geminon contracts use this value provided by the oracle as a reference to calculate the amounts of currency to be exchanged. As the price of the coins is fixed algorithmically, users are assured that their stablecoins can always be exchanged for their peg price using Geminon contracts. In the event that the coins are used in other protocols or external exchanges, the price would remain close to its peg value thanks to arbitrage between the market in question and the contracts of our protocol.
Geminon offers a wide variety of stablecoins from different regions of the world, and the list keeps growing:
| Symbol | Name | Country / region | Networks |
|---|---|---|---|
USDG
Geminon US Dollar
USA
Ethereum, BNB, Avalanche
EURG
Geminon Euro
Europe
Ethereum, BNB, Avalanche
CNYG
Geminon Renminbi
China
Ethereum
JPYG
Geminon Japanese Yen
Japan
Ethereum, BNB, Avalanche