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：白银TD)

• ·修改 Blob 的定价机制，是否真能让 ETH 突破困境？
• ·加工费没有进项怎么开票
• ·比特币创历史新高，获利回吐迫在眉睫——是时候采取行动了吗？
• ·未结转本年利润对报表有影响吗
• ·美国最高法院裁定美联储为独特准私人实体
• ·比原链钱包
• ·以太坊突破2500美元关口 投资者需注意风险
• ·有人知道长春公积金贷款限额是多少吗？
• ·5月23日市场关键情报，你错过了多少？
• ·拍拍贷月月涨是什么，有了解这个产品的吗?
• ·虚拟货币套利平台-虚拟币 套利
• ·维卡币怎么买
• ·atp币价最新行情-atp币价格行情
• ·工程设备折旧年限怎么算
• ·特朗普宴请220名顶级Meme币持有者：晚宴引发关注与争议
• ·手机贷app还款了可以继续借吗？