While the financial world watches the regulatory wars in the USA, the Generic project has released a potential 'black swan' for the banking system — the meta-stablecoin GUSD. Built on the Morpho protocol, this asset offers what traditional banks fear the most: direct yield for holders.

Unlike traditional stablecoins, where the profits from reserves are taken by the issuer, GUSD operates on the principle of full transparency:

All profits from the asset are directed back to users and DeFi applications.

It combines the advantages of USDC, USDT, and USDS, creating a reliable 'meta-layer' based on Ethereum.

Users have the built-in ability to hide balances while maintaining full decentralization and control over their funds.

The launch of GUSD occurs amidst fierce discussions in the Senate. The main sticking point is whether to allow stablecoins to officially accrue interest.

The CEO of Bank of America warns that allowing income payments for stablecoins could lead to an outflow of $6 trillion from bank deposits.

Therefore, JPMorgan and regional banks in the U.S. are trying to block these innovations, realizing that they will lose competition to transparent blockchain protocols.

GUSD is not just a new token; it is a technological response to banking lobbying. While Coinbase warns that yield restrictions stifle innovation, the DeFi sector is simply creating alternative tools that cannot be stopped by censorship.

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