Crypto
Generic Protocol launches private stablecoin GUSD
Generic Protocol will launch GUSD, a stablecoin it describes as private and built on a new revenue distribution model, The Block reported on Jan. 15. Built on the Morpho DeFi lending protocol, it applies a meta-stablecoin model that integrates USDC, USDT and USDS and deploys them to on-chain markets. The project says revenue is distributed directly to applications, networks and users, with partners deciding allocation.
