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)
- eth价格最新行情
- 比特市怎么交易 比特市怎么交易最快
- ChatGPT 分析瑞波币价格预测:XRP 达到 100 美元的可能性有多大?
- cpu挖矿什么意思
- 特朗普呼吁对欧盟征收50%关税,比特币短暂跌破10.9万美元后迅速反弹
- 百度有钱花借不出现金的原因是什么?我里面有额度但是不能借。
- 律师事务所调查Semler Scientific比特币增持背后的法律问题
- Tether CEO refutes Wall Street Journal allegations and reveals USDT reserve assets
- bcc在哪个平台-bcc在哪购买
- 黑客为什么只要比特币
- 特斯拉的比特币储备飙升——机构如何塑造比特币的未来
- 比特币市值突破9000亿美元大关:市场强劲复苏的里程碑
- 重新审视加密交易:传统 TradFi 体系下的流动性革命新解
- 波币 (WAVES)怎么买?波币 (WAVES)在哪里买卖交易?
- 比特币每日行情
- Huobi Polkadot (HDOT)哪里可以买?推荐交易平台解析
- dos币怎么挖 dos币总量
- Solana 生态系统详解:从融资历史到技术机制的全景分析
- 西湖的白天真像什么-西湖的白天真像什么比喻句
- 比特币钱包登录不了
- 欧易交易所 电脑 views+
- 亿欧交易所下载 views+
- okcoin下载官方app views+
- 数字货币交易平台app views+
- 欧亿app官网正式版下载 views+
- ok币 views+
- 数字货币交易所 views+
- 0kx交易所官网 views+
- 欧易app官方下载入口 views+
- okx交易所app官网链接 views+