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Galaxy-Backed Gyroscope’s Decentralized Stablecoin GYD Goes Live on Ethereum (ETH) Mainnet

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Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making (AMM) strategies like LUSD and crvUSD. As the stablecoin scales, the reserve has been designed to a large variety of strategies and assets, the Gyroscope team explained.

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