BitGo, stablecoin and USDS
Goldman Sachs-backed BitGo introduces USDS rewarding stablecoin
BitGo, a cryptocurrency custodian backed by the banking giant Goldman Sachs, is entering the stablecoin industry by launching a new stablecoin pegged to the US dollar. On Sept. 18, BitGo officially introduced USDS,
BitGo to challenge Circle and Tether’s market dominance with ‘open-participation’ USDS stablecoin
Cryptocurrency firm BitGo has confirmed plans to launch the USD Standard (USDS) stablecoin in January next year.
BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
BitGo says USDS is an "open participation" stablecoin that provides rewards to institutions for providing liquidity to the ecosystem.
BitGo To Launch USDS Stablecoin, Offering Rewards For Liquidity
BitGo is set to launch the USDS Stablecoin, a new financial instrument designed to enhance liquidity in the stablecoin market by rewarding institutions that contribute to its ecosystem. This innovative approach aims to set USDS apart in a highly competitive sector currently dominated by giants such as Tether and Circle.
BitGo to unveil its reward-earning USDS stablecoin in Q1 of 2025
Mike Belshe, BitGo's CEO, announced during the Token2049 conference in Singapore that BitGo was planning to launch a stablecoin dubbed “USDS” during Q1 of 2025. BitGo referred to the USDS as the first ‘open-participation’ stablecoin that would redefine financial freedom.
BitGo Introduces A New Standard for Stablecoins: Meet USDS
USDS is fully backed by a combination of short-duration T-bills, overnight repos, and cash, ensuring high liquidity and low risk. -- Participants Get Rewarded: Engage with the ecosystem by providing liquidity and earn rewards.
CoinDesk on MSN3d
BitGo Unveils Token Management Service for Crypto Foundations
Big names like Worldcoin and LayerZero are among the first customers of the Token Management Service, announced on Monday.
Coingape1h
Revolut Enters Stablecoin Race: New Challenger to PayPal, Ripple, and BitGo
Still growing in use, and now Revolut is gearing up to join the likes of PayPal in launching its own stablecoin. Revolut, ...
blockonomi11h
BitGo & Revolut Join the Stablecoin Race: New Offerings on the Horizon
BitGo, one of the creators of the popular Wrapped Bitcoin (WBTC), has announced plans to roll out a new stablecoin called ...
Crypto Briefing1d
BitGo set to roll out its yield-bearing stablecoin in January 2025
BitGo introduced on Sept. 18 the USD Standard (USDS) a new 1:1 USD-backed stablecoin designed to transform the digital asset ...
Cryptopolitan on MSN2d
BitGo unveils all-in-one custody platform for Web3 tokens amid rising DeFi risks
BitGo has unveiled a new regulated platform specifically designed to manage and custody native tokens for Web3 protocols.
WealthManagement.com2d
Guarding Crypto Is a Lucrative Business and Wall Street Wants In
Crypto-native firms such as Coinbase Global Inc. and BitGo Inc. have been among the dominant service providers so far, with ...
Internet of People3d
BitGo launches a digital asset management platform for protocols
BitGo has launched Token Management platform, a comprehensive digital asset management platform designed specifically for ...