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Easily convert SPYX to GUSD with ConvertOnline's efficient tool.
The SP500 tokenized ETF (xStock) (SPYX) is a digital asset that represents a tokenized version of an exchange-traded fund (ETF) tracking the S&P 500 index. By providing exposure to the performance of the 500 largest publicly traded companies in the United States, this token aims to democratize access to traditional stock market investments through blockchain technology.
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.