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：基金工具)

• ·以太坊联合创始人Jeffrey Wilcke大幅减少ETH持仓量
• ·人人贷电话审核会问些什么问题？
• ·BTC 减半驱动的四年周期，失效了吗？
• ·三大币交易平台
• ·十大媒体报道Pi币,Pi风险提示_π币行情走势图
• ·比特币为什么安全 比特币为什么安全性高
• ·火币比特币分叉
• ·全球关税冲突得以缓和，美CPI、PPI数据皆低于预期，市场不确定性加大｜Hotcoin Research
• ·消防设备的折旧年限是多少
• ·货币能创建几个钱包
• ·虚拟币交易所前10名单 虚拟币区块链app交易所排名
• ·平台虚拟交易平台
• ·DBS Bank announces plans to launch cryptocurrency options trading and structured notes in the fourth quarter
• ·上年度无票收入怎么处理
• ·zcash零币挖矿软件-零币挖矿教程
• ·布比网络怎么样