Stablecoin information article one: Gemini Dollar.

Gemini Dollar

ERC20 token minted on the Ethereum blockchain.
It is backed one to one with USD.
It is backed by dollars held in a FDIC insured bank account.
The Gemini smart contract is audited by Trails of Bits.
Gemini exchange security includes KYC (know your customer) and AML anti-money laundering.
Gemini dollar is audited monthly by BPM, a private accounting firm.
Gemini Dollars are like Coupon redeemable for USD
There are no fees to buy or sell Gemini Dollars on the Gemini Exchange
Gemini Exchange is certified by the New York Department of Financial Services, and fulfills all New York State Banking regulations voluntarily

Utility

The Gemini Dollar is available and utilized in trading pairs on multiple cryptocurrency DeFi projects, including: 1Inch, AAVE, Argent, Balancer, Curve, X DerivaDEX, Harvest, Maker, Uniswap, Yearn, Zapper and Zerion.

A new concept, to prove a stablecoin is indeed backed one to one by US Dollars.
Gemini dollars are constructed to fulfill this requirement.
Gemini Dollars are created when customers buy them with US Dollars, which are then deposited in a FDIC insured savings account.
Thus the Gemini Dollar is the first, and perhaps only stablecoin which is FDIC insured.

Based on it being FDIC insured, and backed 1:1 by US Dollars, it is perhaps the safest of the dollar backed Stablecoins in the cryptocurrency market, and some might argue it is the safest stablecoin on the market by traditional finance standards.
What do you think?