Snapshot 2025-07-31Published 2025-08-15Lag 15dSource Secondary SourceVerified 2026-08-03

GUSD Reserve Attestation

Gemini Trust Company, LLC — 2025-07-31

Engagement Details

Period Type: Monthly
Engagement Type: Examination
Standard: AT-C 205
Opinion: Unmodified
Practitioner: BPM LLP
Assertion Party: Management of Gemini Trust Company, LLC

Reserve Summary

Total Reserves: $148,000,000
Circulating Supply: $147,000,000
Coverage Ratio: 100.68%

Composition

Category	Amount (USD)	%
U.S. Treasury Bills	$60,000,000	40.50%
Government Money Market Funds	$55,000,000	37.20%
Cash at Insured Depository	$33,000,000	22.30%

Custodians

State Street Bank and Trust
Goldman Sachs Asset Management

Scope Notes

Composition breakdown approximate. BPM performs random business day spot-checks in addition to monthly examination.

GENIUS Act Disclosure Checklist

Factual observations only. See methodology.

✓Monthly disclosure published
✓Examination-level engagement
✓Practitioner PCAOB-registered
✓Composition by category disclosed

Source

Primary source PDF ↗

Source quality: Secondary Source

How to Cite

Reserve Attestation Registry. "GUSD Reserve Attestation — 2025-07-31." https://grantstell.com/attestations/gemini-gusd-2025-07 (retrieved 2026-08-03).