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Easily convert COMP to GUSD with ConvertOnline's efficient tool.
Compound (COMP) is a decentralized finance (DeFi) protocol that allows users to lend and borrow cryptocurrencies in a trustless manner. By utilizing smart contracts on the Ethereum blockchain, Compound enables users to earn interest on their crypto assets or take out loans against them without the need for traditional intermediaries.
Gemini Dollar (GUSD) is a stablecoin created by the Gemini Trust Company, designed to maintain a 1:1 peg with the U.S. dollar. As a regulated digital asset, GUSD offers users the benefits of cryptocurrency, such as fast transactions and low fees, while providing the stability of a fiat currency.