GENERIC LAUNCHES GUSD: A PRIVATE, YIELD-ROUTING META-STABLECOIN

Summary from the TLDR Crypto newsletter

GUSD is the first natively private stablecoin built on Morpho. It is a meta-stablecoin that aggregates dollar assets like USDC, USDT, and USDS, offers opt-in privacy, is non-custodial, and routes onchain yield back to the distribution layer (applications, networks, and end users) rather than to an issuer. GUSD will have risk and deployment support from Steakhouse Financial. Its early partners include LayerZero, Aragon, Status, and Tempo.