"Gemini is partnering with accredited third party borrowers including Genesis, who are vetted through a risk management framework which reviews our partners’ collateralization management process. On a periodic basis we will conduct an analysis of our partners’ cash flow, balance sheet, and financial statements to ensure the appropriate risk ratios and healthy financial condition of our partners. Source: 12 months ago

Genesis trading is a company that helps institutional investors tap into the crypto markets. Source: over 1 year ago

I'm like 99% sure you're correct. https://genesistrading.com/. Source: over 1 year ago

However, if your GUSD is in their Earn program, you essentially have what is called third-party risk. Essentially, Gemini has given your GUSD to Genesis. Genesis then uses those GUSD to lend to institutional investors, who are doing god knows what with the GUSD. The point of all of this is to say that if the institutional investor goes bankrupt, or if Genesis goes bankrupt, then you may not be able to get back... Source: about 2 years ago

They partner with Genesis capital https://genesistrading.com/. I listened to an interview with Genesis about the Earn program and they have a slush fund to cover any defaults. Basically you are fine unless Genesis themselves go under which is unlikely. Source: over 2 years ago

Someone doesn't know how to use charitynavigator.org. Source: 8 months ago

You might also check http://charitynavigator.org . They do a good job of evaluating charities in terms of how they spend the funds they collect and how effective they are. Source: about 1 year ago

I was going off my research. I always check charitynavigator.org before donating. Source: over 1 year ago

At least confirm on charitynavigator.org that had at some point filed for a tax exemption. You can look up using https://apps.irs.gov/app/eos/ to see how recently they filed a tax return. Source: over 1 year ago

******** the end of their note ******* My commentary: I share this in the spirit of connecting those who can help with those who need it. Not every charity or organization listed may be for you and that's ok. Not everything is for everyone. If you are contributing money please always consider checking charitynavigator.org before donating. But what about (instert my cause here)? This is not to say any one cause... Source: over 1 year ago