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：黄金TD)

• ·应收账款的超期利息怎么处理
• ·基期股票-基期股票市价总值是什么意思
• ·“你不能强迫别人选择你”，柴犬团队坚持成长和进步
• ·哈希币最新价格
• ·虚拟钱包下载安装
• ·17700交易平台
• ·基金不如股票-基金不如股票吗为什么
• ·美国《天才法案》稳定币立法：行业里程碑与未来影响
• ·挖矿机需要什么配置 挖矿机需要什么配置的电脑
• ·股票预期报酬率包括-股票预期报酬率包括什么
• ·德克萨斯州众议院在两党支持下推进比特币储备法案
• ·火币成本
• ·Vitalik 2049 演讲全文：以太坊需要在满足需求的同时保持开源和去中心化的价值观
• ·狗狗币：这种模式如何为 0.30 美元的价格变动奠定基础
• ·FARTCOIN能否突破1.5美元大关？市场信号显示潜在上涨趋势
• ·Ripple – XRP 现货 ETF 的出现可能只是时间问题