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：发现基金)

• ·股票投资骗局-股票投资骗局怎么防范
• ·FIL币最新情况-更新Filecoin的最新市场情况
• ·递延收益是流动负债还是非流动负债
• ·公积金按什么标准贷款-公积金按什么标准贷款额度
• ·火币网转出
• ·10月31日金信多策略精选混合C净值增长0.09%，近3个月累计上涨34.63%
• ·yfv发行价格
• ·域链交易所
• ·库神钱包孙泽宇-库神钱包简介
• ·岳阳兴长第二大股东湖南长炼兴长企业服务有限公司减持13万股
• ·火币网以太坊提现
• ·怎样从火币 HTX 上新趋势中挖掘财富密码？
• ·zcash第三方钱包
• ·10月31日汇添富科技创新混合C净值增长0.62%，近3个月累计上涨18.91%
• ·Bitget Wallet 更名，发起“人人享有加密货币”运动，并发起 100 万美元募款活动
• ·10月31日交银启诚混合A净值增长0.44%，今年来累计上涨9.12%