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：基金工具)

• ·defi币怎么买 defi币哪里买
• ·请问快钱钱包为什么审核了4天还没结果呢？
• ·USDT哪个平台可以交易 数字交易平台排行榜usdt
• ·帽子币钱包挖矿
• ·不丹透過挖礦積累 7.8 億鎂比特幣，佔該國 GDP 近三分之一
• ·国内虚拟货币十大交易所 国内最大虚拟货币交易所排名前十
• ·资金回正是什么意思
• ·以太币每秒交易多少
• ·计提递延所得税资产分录怎么做
• ·Solana修复影响代币安全的零日漏洞
• ·钱站与氧气贷哪个利率高啊？
• ·个人综合所得税包括哪些
• ·统一钱包
• ·51人品贷没公积金能贷款吗？最近想在51人品贷借钱。
• ·Bitfinex分析：现货需求与机构采用推动加密市场走强
• ·分析平台币