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：货币)

• ·数读链上社交项目：Farcaster 等协议合计日活用户超 25 万，Pods.media 铸造量已超 90 万
• ·戈尔（Gork Memecoins）因埃隆·马斯克更名事件暴涨7000%引发市场热议
• ·David Sacks将出席Bitcoin 2025大会，与Winklevoss兄弟同台
• ·股票均价计算
• ·BTC价格创新高：市场呈现长期配置趋势，散户参与度低迷
• ·链上数据揭示比特币牛市或刚刚起步
• ·币圈行情软件下载-币圈行情软件下载安装
• ·以太经典还有多少币
• ·盛大公链价格-盛大公链std价格
• ·cdc钱包提现-cdmc怎么提现
• ·xin币价格走势
• ·瓦特交易所苹果下载
• ·瑞波币行情2017
• ·失业保险返还会计处理怎么做
• ·什么地区都吃什么月饼
• ·walletconnect钱包官方下载-walletconnect钱包安卓下载