BitGo to Enter Stablecoin Market With Reward-Bearing USDS Coin
CEO Mike Belshe recently announced the launch of USDS, a new stablecoin that aims to create a more open and fair system in the cryptocurrency market. In an interview with CoinDesk before his keynote at Token2049, Belshe explained the motivation behind introducing USDS.
While existing stablecoins serve a good function, Belshe believes there is an opportunity to build a network that rewards innovation and promotes fairness. According to Belshe, “A stablecoin’s true value comes from the people using it, the liquidity they provide, and the access points for interchange.”
With the launch of USDS, Belshe hopes to create a stablecoin that not only serves its users effectively but also incentivizes network growth and development. By rewarding those who contribute to the network, USDS aims to differentiate itself from existing stablecoins and foster a more dynamic and vibrant ecosystem.
