genericprotocol

🚀 Generic Protocol Launches GUSD: The Stablecoin That Shares the Profit
While US regulators tighten their grip around stablecoin issuer revenues, Generic Protocol is flipping the script. The project introduced GUSD — the first "private" metastablecoin with a radically new revenue distribution model.
What you need to know about GUSD:
🔹 Base: Built on the Morpho DeFi lending protocol.
🔹 Mechanism: It's a "metastablecoin" that aggregates liquidity from USDC, USDT, and USDS, deploying them on blockchain markets.
🔹 Fairness: Unlike traditional issuers (who keep all profits from reserves for themselves), Generic Protocol directs the income straight to users, applications, and networks.
This launch is a direct response to disputes over who should own stablecoin yields in an era of strict oversight. GUSD is betting on decentralization and transparent profit sharing.
Will this model be able to push out market giants? 👇
#GUSD #DeFi #Stablecoins #CryptoNews #GenericProtocol