đ BitGo to Launch Dollar-Backed USDS Stablecoin in 2025!
BitGo has announced the upcoming launch of its USDS stablecoin, set to debut in 2025. Backed by short-duration treasury bills, overnight repos, and cash, USDS aims to differentiate itself by rewarding institutions that provide liquidity to its ecosystem. đ°
USDS will be the first stablecoin to promote innovation and offer incentives for network builders. đš
Institutions providing liquidity will earn a share of returns generated from the reserves, enhancing engagement. đČ
BitGo aims to secure $10 billion in assets within the first year of launch. đ
