Goldman Sachs-backed BitGo introduces USDS rewarding stablecoin
WEB2 days ago · The stablecoin is issued by the BitGo New York Trust Company, a regulated trust company formed in 2021 under the laws of the State of New York. Unlike USDT and USDC, BitGo’s stablecoin gives 98% ...
BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
WEB2 days ago · The stablecoin, dubbed USDS, will be backed by short-duration Treasury bills, overnight repos, and cash, like others on the market. It will be what BitGo calls the first open-participation stablecoin.
BitGo Introduces A New Standard for Stablecoins: Meet USDS
WEB2 days ago · BitGo, the leading digital asset custodian, is pleased to announce the launch of USDS: The USD Standard, a groundbreaking 1:1 USD-backed stablecoin th
BitGo to unveil its reward-earning USDS stablecoin in Q1 of 2025
WEB2 days ago · BitGo is set to launch a dollar-backed stablecoin during the first quarter of 2025. It will offer rewards to incentivize liquidity-providing institutions. BitGo’s stablecoin will join a stablecoin market dominated by USDT and USDC. Digital asset custodian BitGo announced the launch of its 1:1 USD-backed USDS stablecoin.
BitGo to Launch USDS ‘Reward’ Stablecoin Starting January 2025
WEB2 days ago · Crypto infrastructure provider BitGo is set to enter the stablecoin market by launching a dollar-backed reward coin, dubbed ‘USDS.’ The digital asset custodian announced the launch at Token2049 in Singapore on Wednesday. Last month, the platform received the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).. Per the announcement, BitGo plans to roll ...
BitGo Introduces USDS Stablecoin, Aiming to Shift Market …
WEB3 days ago · The stablecoin also boasts a market cap of $118.5 billion, which is about $83 billion more than the second-placed USDC. Despite recent noises from detractors accusing Tether of being a multi-billion dollar fraud, the stablecoin reportedly made upwards of $400 million in just the last month alone. On its part, USDC is also trying to grow its ...
BitGo To Launch USDS Stablecoin, Offering Rewards For Liquidity …
WEB2 days ago · Highlights. BitGo to launch USDS Stablecoin in January 2025, targeting $10 billion in assets. USDS will be backed with Treasury bills, repos, and cash, ensuring stability and trust. BitGo's USDS aims to expand stablecoin market by rewarding liquidity providers. BitGo is set to launch the USDS Stablecoin, a …
BitGo set to roll out its yield-bearing stablecoin in January 2025
WEB2 days ago · BitGo introduced on Sept. 18 the USD Standard (USDS) a new 1:1 USD-backed stablecoin designed to transform the digital asset landscape, which will be launched on January 2025.. The announcement highlighted that USDS aims to challenge the dominance of single issuers like Circle and Tether by prioritizing fairness, transparency, and market neutrality.
BitGo Introduces A New Standard for Stablecoins: Meet USDS
WEB2 days ago · BitGo, the leading digital asset custodian, is pleased to announce the launch of USDS: The USD Standard, a groundbreaking 1:1 USD-backed stablecoin that aims to transform the digital asset landscape by prioritizing fairness, transparency, and market neutrality. USDS is designed to challenge the existing …
BitGo Enters the Stablecoin Arena with USDS, Challenging …
WEB3 days ago · Discover how BitGo aims to reshape the stablecoin landscape with its upcoming USDS launch, promising transparency and neutrality. BitGo Joins the Stablecoin Market with USDS. American digital asset custodian BitGo has announced the introduction of a new U.S. dollar-pegged coin known as USDS, which will be …
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