Comment on BitGo to launch USDS stablecoin in January 2025

Radek Zielinski, ReadWriteWeb
Wed, 09/18/2024 - 9:28am

BitGo to launch USDS stablecoin in January 2025

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.

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