Crypto

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.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry. What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content. As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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