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：游戏)

• ·中国数字货币币交易所 十大虚拟币交易平台app炒币软件排行榜
• ·10月31日华泰保兴吉年红混合发起C净值下跌1.25%，近1个月累计下跌4.48%
• ·比特币是在计算什么 比特币是在计算什么时候的
• ·10月31日国投瑞银信息消费混合C净值下跌0.57%，近1个月累计下跌3.39%
• ·QQ上有闪电借款吗？我不用微信，也不想专门下载一个。
• ·10月31日鹏华远见精选混合发起式A净值增长1.92%，近3个月累计上涨9.79%
• ·Bitwise：以太坊低迷，但它是很好的反向押注选择
• ·以太坊市值超越美国银行，5月底ETH能否重回3000美元？
• ·显卡怎么进行挖矿 显卡怎么进行挖矿操作
• ·火币HTX与HTX DAO共庆比特币披萨节15周年 推动Web3全球化共识新篇章
• ·氪石币行情
• ·莱特币今天的行情
• ·火币网上线etc
• ·美国降息很难直接拉涨比特币，加密市场仍需技术驱动
• ·销售税金怎么计算
• ·10月31日永赢数字经济智选混合发起C净值增长0.58%，近6个月累计上涨29.1%