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：牌价)

• ·增值税计入税金及附加吗
• ·股票帐户休眠-股票账户休眠后如何激活
• ·比特股钱包下载教程
• ·股票跑道费-股票跑道费怎么算
• ·股票庄的意思-股票庄是什么意思
• ·以太坊钱包有多大
• ·股票庄的意思-股票庄是什么意思
• ·5 月 25 日比特币价格预测：多头将捍卫 10.8 万美元还是会进一步下跌？
• ·税负率是按月来计算还是按年
• ·比特币巨鲸持续增持：持有21.9亿美元BTC的神秘实体从币安提取更多资产
• ·火币网借币
• ·什么什么的冰河-什么什么的冰河成语
• ·天气有什么有什么-天气有什么有什么填空
• ·火币网怎么充值美元
• ·欲融资 65 亿美元的 OpenAI 趁热发布 o1 模型，一文了解 10 个关键要点
• ·Hailey Welch 获准参加 HAWK 代币拉扯活动