Similar Stories to Bitgo To Launch Usds Stablecoin In January 2025 on Bing News

Crypto service provider and custodian BitGo announced plans to launch its USD Standard (USDS) dollar-backed stablecoin. Today BitGo announced USDS will feature 1:1 United States dollar backing through a combination of short-duration T-bills, overnight repos, and cash. Users of the stablecoin will also be rewarded for providing liquidity and engaging with its ecosystem.

BING NEWS:
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    A consortium of fintech and cryptocurrency firms, including Robinhood, Kraken, and Galaxy Digital, introduced a new U.S. dollar-pegged stablecoin, USDG.
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    Bitcoin faces optimistic pre-election outlook Bitcoin (COIN:BTCUSD) has risen by 3.6% in the last 24 hours, reaching $70,223, driven by investor optimism surrounding the upcoming US presidential ...
    11/5/2024 - 1:50 am | View Link
  • Seven crypto giants launch Global Dollar (USDG) to accelerate stablecoin adoption
    The USDG will use nearly 100% of the revenue generated from its reserve assets to reward network partners rather than the issuer.
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    “USDG upends this dynamic with a more equitable model that will bring mainstream participants into the ecosystem and accelerate new stablecoin use cases.” Industry Leaders Launch “Global Dollar ...
    11/4/2024 - 10:59 am | View Link
  • Crypto firms including Robinhood, Kraken launch global stablecoin network
    A consortium of financial technology and cryptocurrency companies including Robinhood , Kraken and Galaxy Digital on Monday introduced a joint stablecoin pegged to the U.S. dollar.
    11/4/2024 - 8:02 am | View Link
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