Generic Protocol bets on private stablecoin model with GUSD launch as Congress battles over yield

TL;DR:

Generic’s natively private stablecoin, GUSD, reroutes yield away from issuers to applications and users in a bid to reshape incentives.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development contributes to the ongoing evolution of the cryptocurrency ecosystem and may influence market trends.