London based stablecoin startup raised $4.5m in Seed funding led by Placeholder VC and Galaxy Ventures.
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Gyroscope raises $4.5m in Seed funding
"The GYD stablecoin has a novel all-weather reserve design, where this asset reserve intends to diversify risk to the greatest extent possible," Gudgeon said. "The design is such that if one of the assets in reserve experiences trouble, it only affects a limited portion of the reserve, not all of it. This is the key mechanism that makes GYD a unique stablecoin."
