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：现货金)

• ·火币提现手续费
• ·上海沪工收盘涨1.5%，主力资金净流出2643.55万元
• ·火币ico
• ·华天酒店收盘涨3.26%，主力资金净流入2123.31万元
• ·请问速贷之家真的假的?最近想在速贷之家上借款。
• ·寻道大千怎么驱散恶灵 寻道大千驱散恶灵攻略
• ·安徽什么是什么天气
• ·Fundstrat 的 Tom Lee 表示，美国股市目前看起来比贸易战前更加乐观——原因如下
• ·火币网怎么购买
• ·usdt代付平台(USDT注册流程助您快速上手)
• ·Bitget 研究院：比特币 ETF 近 4 日累计流入 4.8 亿美元，Meme 板块率先持续反弹
• ·云储币今日价格
• ·龙山什么后 天气什么
• ·ST数源收盘跌4.92%，主力资金净流出2058.41万元
• ·比特币什么时候会涨 比特币什么时候会涨什么时候会跌
• ·石河子气候怎么样