GUSD, issued by Gate, is a U.S. dollar-denominated, yield-bearing token certificate minted 1:1 against the stablecoins Tether (USDT) or USD Coin (USDC) and backed by real-world assets, primarily short-term U.S. Treasuries [S1][S2][S3].

Holders receive a U.S. dollar (USD) investment product that accrues yield from the holding period, with yield sourced from Gate ecosystem revenues, U.S. Treasury real-world assets, and stablecoin reserves [S1][S3]. A base annual percentage rate of approximately 4.40% has been cited and adjusts dynamically [S3]. Returns compound automatically, and principal plus total accrued interest pay out together at redemption rather than via daily claims [S1][S2][S3].

Gate introduced GUSD on August 29, 2025, describing it as a U.S. dollar-denominated investment certificate with an appreciation attribute that represents the investment but does not confer direct ownership of the underlying assets [S1][S3]. Gate claims 100% full, externally verifiable backing and commits to disclosing reserve proof and custodian information in phases [S2][S4]. Eligibility requires platform-wide KYC verification and sanctions and SDN-list warranties; Gate restricts service in numerous locations, including the United States, Mainland China, Singapore, Canada, and sanctioned regions [S5]. All holdings redeem 1:1 for USDT or USDC with principal and accrued interest settled together [S1][S2][S4].

GUSD is minted and issued on Gate Chain, where users exchange USDT or USDC for GUSD at a 1:1 ratio, or acquire it via the spot market [S1][S2]. Once minted, it serves as unified margin and integrates across Gate spot trading, Launchpool, Unified Account borrowing, Crypto Loan, Simple Earn, and staking [S1][S2][S4]. Redemption returns USDC or USDT 1:1 plus accrued interest [S1][S2][S3].

<Sources
  retrievedAt="2026-06-22"
  items={[
    { id: "S1", url: "https://www.gate.com/gusd" },
    { id: "S2", url: "https://www.gate.com/learn/articles/gate-gusd-keeping-stable-yield-and-liquidity-always-on/11856" },
    { id: "S3", url: "https://www.gate.com/blog/11666/gate-introduces-gusd-stablecoin-to-open-a-new-chapter-in-diversified-crypto-investment" },
    { id: "S4", url: "https://www.gate.com/crypto-wiki/article/what-is-gusd-understanding-gate-s-real-world-asset-backed-stablecoin" },
    { id: "S5", url: "https://www.gate.com/help/guide/faq/40959/restricted-locations" },
  ]}
/>


# Asset senders (daily) methodology

## 1. Overview

Asset senders (daily) is calculated as the number of unique addresses that initiate asset transfers within a fixed 24-hour window. Daily activity is measured from 00:00 UTC to 23:59 UTC for each tracked asset. Active transactors are isolated from passive recipients by identifying only the sending addresses of transactions. This metric is utilized to evaluate the daily active user base and transaction utility of tokenized assets across multiple blockchain networks.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions, covering Solana
- **Aptos, Cardano, Stellar Classic, and Sui events**: Token withdraw events, covering Aptos, Cardano, Stellar, and Sui
- **Near, Algorand, Injective, Ripple, and Stellar Soroban events**: Token transfer events, covering Near, Algorand, Injective, Ripple, and Stellar
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet, covering Polkadot Asset Hub
- **Asset metadata**: Token addresses and chain configurations

## 3. Step-by-step calculation

### Component A: Extract sender addresses

- **Purpose**: Identify and extract the unique sending addresses for each asset transfer across all supported chains.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from the `from` field of ERC-20 `Transfer` events, excluding the zero address to filter out mint transactions. On Solana, sending addresses are extracted from the authority address field of token transfer instructions. On Aptos, Cardano, Stellar Classic, and Sui, sending addresses are identified from the account address field of token withdraw events. On Near, Algorand, Injective, and Stellar Soroban, sending addresses are extracted from the sender address field of token transfer events, with null addresses excluded. On Ripple, sending addresses are extracted from token transfer events where the transfer value is negative. On Polkadot Asset Hub, sending addresses are extracted from the event data of `Transferred` events emitted by the `assets` pallet.
- **Key fields**: `timestamp` (block timestamp truncated to daily grain), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Consolidate and deduplicate sender data

- **Purpose**: Aggregate sender addresses across all chains and prepare the dataset for daily unique counting.
- **Logic**: Sender records from all individual chains are consolidated into a unified dataset. For each asset on each chain, the sending addresses are grouped by day. To prevent double-counting, duplicate sender addresses for the same asset on the same chain within the same 24-hour window are removed.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `sender_address` (unique sending address)

### Component C: Final aggregation

- **Purpose**: Calculate the final daily active sender count per asset and per chain.
- **Logic**: The consolidated dataset is aggregated to compute the daily active senders. Unique sending addresses are counted for each asset on a daily basis, both at the individual chain level and aggregated across all chains for multi-chain assets. If no transfer activity is recorded for a tracked asset on a given day, the daily sender count is filled with zero values.
- **Key fields**: `timestamp` (daily timestamp), `chain_id` (blockchain identifier), `token_address` (asset address), `asset_dau` (daily active senders count)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Unique asset senders over a fixed 24-hour window.

Asset senders (daily)

Stablecoins

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Exchanges (CEX)

Gate

Gate USD (GUSD) is a U.S. dollar stablecoin issued by Gate.

Retail investors and institutions can mint and redeem directly with Gate in USDT, USDC, and USD1 after completing KYC, and holders have a contractual right to redeem at par.

GUSD has been issued on Ethereum as an ERC-20 token since August 2025.

Gate USDGUSD