![Galaxy-Backed Gyroscope's Decentralized Stablecoin GYD Goes Live on Ethereum (ETH) GYD stablecoin is backed by various yield-generating stablecoin strategies (Gyroscope)](https://btcusa.com/wp-content/uploads/2023/12/Galaxy-Backed-Gyroscopes-Decentralized-Stablecoin-GYD-Goes-Live-on-Ethereum-ETH-678x381.jpg)
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Backing assets are stablecoins deployed in certain strategies such as yield-generating sDAI and USDC in Flux, and also support automated market-making (AMM) strategies like LUSD and crvUSD. As the stablecoin scales, the reserve has been designed to a large variety of strategies and assets, the Gyroscope team explained.
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