07 Dec 202315:43
Project update
![Gyroscope stablecoin GYD goes live on Ethereum Mainnet](/_next/image?url=https%3A%2F%2Fcryptodiffer-image-bucket-production.s3.amazonaws.com%2Fede9b356-0a66-4356-b4d4-55558c0621af%2Fimage.png&w=3840&q=100)
Gyroscope stablecoin GYD goes live on Ethereum Mainnet
The GYD stablecoin went live on Ethereum following a test period on Polygon and its liquidity pools (E-CLP) opening, which attracted nearly $30M in TVL. Gyroscope claims to offer an alternative to centralized and algorithmic stablecoin designs, promising to protect holders against any de-pegging events.
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