According to CoinDesk, cryptocurrency custodian BitGo announced plans to launch the US dollar stablecoin USDS at the "Token2049" conference in Singapore. The stablecoin will stand out in this crowded market by rewarding institutions that provide liquidity.

USDS will be supported by short-term Treasury bills, Overnight Repo, and cash, making it BitGo's first open participation stablecoin. The company stated that USDS will be launched in January 2025.

BitGo CEO Mike Belshe said in an interview with CoinDesk:

The main reason for launching USDS is that while existing stablecoins have great features, we believe there is an opportunity to create a more open and fair system that promotes innovation, and most importantly, rewards those who construct the network. The true value of stablecoins comes from the people who use them, the liquidity they provide, and the access points for exchange

At present, the stablecoin market is dominated by Tether's USDT, with a market value of approximately $119 billion, followed by Circle's USDC, with a market value of approximately $35.4 billion. Unlike its competitors, BitGo's USDS adopts a reward based approach, incentivizing institutions that provide liquidity to the USDS network by allocating a portion of the rewards generated from stablecoin reserves.

Belshe said, "At the end of each month, we earn some returns from the cash held by the underlying fund, and then we proportionally return these returns to participants based on the custody of the assets." He pointed out that this mechanism may sound similar to dividends, resulting in the entire operation being classified as an investment contract, but the difference is that it does not distribute the returns to end-users, but to institutions that provide liquidity.

Other US dollar stablecoins have also attempted to create income based stablecoins and reward end-users, but as a compromise, they had to exclude the US market, such as the Lift dollar (USDL) issued by Paxos.

(责任编辑：百科资讯)

• ·滨州公积金贷款的条件是什么，我打算定居在滨州市
• ·如何理性应对市场行情暴跌：投资者的策略与心理建设
• ·最好板块股票-最好板块股票排名
• ·轻松矿工怎么安装 轻松矿工怎么安装电池
• ·广发的信用卡额度被减还能恢复吗？一般是什么原因被降低额度啊？
• ·在南宁市，住房公积金贷款所需哪些材料？
• ·台风犹如什么如同什么-台风犹如什么如同什么造句
• ·李林火币
• ·火币网美元提现
• ·Willy Woo：比特币当前仍具上涨空间，预计15至20年后复合年增长率或稳定在8%
• ·投资比特币亏的是本金吗？
• ·微粒贷如何一次性还款？具体的步骤是什么呢？
• ·火币钱包地址在哪里
• ·矿机算力怎么算的
• ·以太坊mist钱包下载
• ·etc手机钱包-etc手机怎么支付