BitGo will launch USDS stablecoin, providing liquidity rewards to ecosystem participants
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:个股)
- ·比特币价格分析:这是创历史新高之前的最后一次回调吗?
- ·tfuel实时价格
- ·DePIN 专题报告:超过 370 个代币上线,Helium 用户突破 11 万大关
- ·一怎么云
- ·保健品增值税税率是多少
- ·生育保险合并到医疗做账还要分开吗
- ·火币比特时代
- ·投资者押注亚马逊在特朗普贸易战中的表现将优于其竞争对手
- ·股票群骗子-股票群骗局全过程视频
- ·全球最大的虚拟货币 交易平台排行 全球八大数字货币 交易平台排名
- ·莱特币什么时候出的 莱特币什么时候出来的
- ·链克钱包私钥-链克钱包私钥是什么
- ·Bitwise CEO: Those who hate Ethereum will eventually discover that the Joker is themselves
- ·侃爷推文点燃 DYDDY 狂热:1.6 亿市值一夜蒸发,散户血亏 70 万
- ·币行火币
- ·火币 HTX 对话 Web3 主持一姐 Moonlight:AI 和零 Gas 钱包赛道值得关注
- ·欧易交易所下载
- · 虚拟货币交易平台排名
- · okcoin交易平台
- · 0kx交易所官网
- · oe交易所app下载
- · 数字货币交易平台app
- · 欧易最新版本
- · 欧亿app官网正式版下载
- · 虚拟货币交易平台排名