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 (monthly) methodology

## 1. Overview

Asset senders (monthly) is defined as the number of unique addresses from which asset transfers are initiated over a rolling 30-day period. For each tracked asset, outgoing transfer transactions are analyzed across supported blockchains to identify the sending addresses. These addresses are deduplicated over a 30-day window to represent the monthly active sender base. This metric is utilized to evaluate user adoption, transactional activity, and the overall utility of tokenized assets.

## 2. Data sources

- **EVM chain events**: Token transfer events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Aptos, Sui, Cardano, and Stellar Classic data**: Token withdraw transactions
- **Stellar Soroban, Algorand, Near, Injective, and Ripple data**: Token transfer transactions
- **Polkadot Asset Hub events**: `Transferred` events from `assets` pallets
- **Asset metadata**: Token contract addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract daily asset senders

- **Purpose**: Identify unique addresses initiating transfers on a daily basis
- **Logic**: On EVM-compatible chains, token transfer events are parsed to extract the sender address from the transaction, excluding the zero address. On Solana, token transfer instructions are parsed to identify the authority address. On Aptos, Sui, Cardano, and Stellar Classic, token withdraw transactions are parsed to extract the account address. On Stellar Soroban, Algorand, Near, and Injective, token transfer transactions are parsed to extract the sender address, excluding null addresses. On Ripple, token transfer transactions with negative values are parsed to identify the sending account address. On Polkadot Asset Hub, `Transferred` events from `assets` pallets are parsed to extract the sender address. For all chains, the extracted addresses are grouped by day and token address to produce a daily record of unique senders.
- **Key fields**: `timestamp` (block day), `token_address` (asset identifier), `sender_address` (initiating address)

### Component B: Aggregate rolling monthly senders

- **Purpose**: Calculate the unique sender count over a rolling 30-day window
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a 30-day lookback window is constructed, encompassing the current day and the preceding 29 days. Daily sender addresses collected within this window are aggregated and deduplicated. The total number of unique, deduplicated addresses is then counted for each asset on each day.
- **Key fields**: `timestamp` (calculation day), `token_address` (asset identifier), `asset_senders` (unique monthly sender count)

### Component C: Final aggregation and zero-filling

- **Purpose**: Combine data across chains and fill missing activity days
- **Logic**: The deduplicated monthly sender counts are aggregated at both the individual chain level and the global asset level. For days where no transfer activity is recorded for a tracked asset, the metric is filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (reporting day), `chain_id` (blockchain identifier), `token_address` (asset identifier), `asset_senders` (final monthly unique sender count)

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

Unique asset senders over a rolling 30-day window.

Asset senders (monthly)

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