According to Foresight News, cryptocurrency custody firm BitGo has announced the appointment of former Silvergate Bank President Ben Reynolds as Managing Director and Head of USD Standard. Reynolds will oversee the development of BitGo's USD Standard stablecoin, USDS, which is set to launch next year.
Reynolds brings over 25 years of experience in fintech, software, banking, and asset management to his new role. Most recently, he served as President of Silvergate Bank, where he was responsible for overseeing the company's revenue growth and played a key role in expanding Silvergate into a publicly traded company in 2019.