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：基金优选)

• ·计算矿机收益软件
• ·芝麻交易所虚拟货币apk下载-芝麻交易所币币交易所网页版v6.7.0下载
• ·计提递延所得税资产分录怎么做
• ·10月31日华安红利精选混合A净值下跌0.99%，近1个月累计下跌6.51%
• ·50万BTC即将暴跌？比特币波动性面临新考验！
• ·10月31日金鹰鑫益混合C净值增长0.14%，今年来累计上涨2.75%
• ·微软放大招，甩开OpenAI？打造自有AI帝国，企业客户买账了！
• ·10月31日西部利得数字产业混合C净值增长0.77%，今年来累计上涨32.95%
• ·退役军人抵免税会计分录怎么做
• ·10月31日兴证全球兴裕混合C净值增长0.13%，今年来累计上涨2.67%
• ·个人所得税劳务报酬怎么填
• ·从零开始，如何在手机上安装并使欧易OKX交易平台
• ·火币中国app
• ·手机btc钱包-btc手机钱包有哪些
• ·充值火币比特币
• ·OKX|欧义网址是多少