创业研究

BitGo will launch USDS stablecoin, providing liquidity rewards to ecosystem participants

字号+ 作者:易方达基金网 来源:市场数据 2025-06-12 00:52:01 我要评论(0)

AccordingtoCoinDesk,cryptocurrencycustodianBitGoannouncedplanstolaunchtheUSdollarstablecoinUSDSatthe

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.

1.本站遵循行业规范,任何转载的稿件都会明确标注作者和来源;2.本站的原创文章,请转载时务必注明文章作者和来源,不尊重原创的行为我们将追究责任;3.作者投稿可能会经我们编辑修改或补充。

相关文章
  • Ripple – XRP 现货 ETF 的出现可能只是时间问题

    Ripple – XRP 现货 ETF 的出现可能只是时间问题

    2025-06-12 00:36

  • 什么是股票的内盘和外盘

    什么是股票的内盘和外盘

    2025-06-12 00:34

  • qtum行情最新价格

    qtum行情最新价格

    2025-06-11 23:25

  • 重振以太坊文化?Monad 有哪些魔法药水?

    重振以太坊文化?Monad 有哪些魔法药水?

    2025-06-11 22:59

网友点评