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：创业研究)

• ·美联储应关注更广泛市场利率而非仅联邦基金利率
• ·bitkeep钱包如何理财
• ·那些股票分红-那些股票分红高
• ·币多宝交易平台正规
• ·请问用住房公积金买二手房能贷款多少年？
• ·资产划转是否需要缴纳增值税
• ·合肥市公积金贷款额度怎么计算，不知道我可以申请的额度是多少
• ·现在中国什么软件可以买btc 最新比特币交易平台排行榜
• ·在拍拍贷上想要提前还款那么利息该怎么计算呢？
• ·PolyFlow DAPP 用户指南 ——构建你的加密金融生活
• ·一文读懂 STEPN GO：创新设计与经济模型深度解析，探索跑鞋二代破圈机会
• ·eos币怎么购买
• ·比特币中国火币网
• ·aofex行情
• ·2018京东白条激活失败是为什么，我试了好几次都不行
• ·其他应付款为负数是什么意思