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：理财)

• ·蚂蚁比特币软件下载
• ·FIL币最新情况-更新Filecoin的最新市场情况
• ·捷信分期付款买手机有发票吗？在捷信分期了一部手机想要发票。
• ·10月31日易方达商业模式优选混合A净值下跌0.55%，近1个月累计下跌6.95%
• ·5月21日市场关键情报，你错过了多少？
• ·数字币怎么玩
• ·kr币怎么认证 kr币注册教程
• ·cvc币交易平台
• ·杭州市的住房公积金贷款的审核需要多久？
• ·比特币被什么承认 比特币被什么承认了
• ·水利建设专项收入计税依据是什么
• ·元宝网交易平台手机板
• ·形容天气什么什么布-形容天气什么什么布的成语
• ·算力回收价格
• ·爱荷华州法院裁定比特币 ATM 运营商胜诉
• ·第一季度比特币 ETF 配置下降——机构信心正在减弱吗？