Gyroscope: Raises $4.5M in Seed Funding

Gyroscope raises $4.5 million in seed funding

  • Gyroscope, a decentralized 24/7 stablecoin company based in George Town, Cayman Islands, raises $4.5M in seed funding
  • The round was led by Placeholder VC and Galaxy, with participation from Maven11, Archetype and Robot Ventures, and angel investment from Cyrus Younessi, Fernando Martinelli, Hart Lambur and Will Villaneuva
  • The company intends to use the funds to accelerate growth, expand operations and reach
  • The company is a decentralized stablecoin with a novel 24/7 stablecoin design (Gyro Dollar)
  • A live beta version of the new GYD stablecoin mechanism – Gyro Proto – is now live on Polygon mainnet and open to all for testing

Information source: Compiled from FINTECHINSHORTS by 0x information.The copyright belongs to the author Steve Sam, and shall not be reproduced without permission

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