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：创业研究)

• ·区块链内容分发平台-区块链内容分发平台有哪些
• ·商业险，一辆百万豪车要保多少？
• ·恒星币当前行情-恒星币当前行情如何
• ·大智慧收盘涨5.84%，主力资金净流入1.08亿元
• ·万物岛 FounderFund 投资比特币原生基础设施 BiHelix 种子轮
• ·特朗普与加密精英的晚宴：1.48亿美元入场券背后的权力游戏
• ·Story 区块链赋能知识产权
• ·福石控股收盘涨7.29%，主力资金净流入2367.43万元
• ·LBA币今日行情价格-lba币价格今日行情走势
• ·股票佣金标准-股票佣金标准是多少
• ·重置清册可以重新申报吗
• ·莱特币行情比特范-莱特币 比特币行情
• ·炒股票佣金
• ·股票涨跌规律-股票涨跌规律及周期
• ·著名股票书籍
• ·海特高新收盘涨0.93%，主力资金净流出2121.35万元