Foresight News reports that the cryptocurrency custodian BitGo has announced the appointment of former Silvergate Bank President Ben Reynolds as the Managing Director and Head of the US Dollar Standard. Ben will be responsible for overseeing the development of BitGo's US Dollar Standard stablecoin USDS, set to launch next year.
Ben has over 25 years of experience in fintech, software, banking, and asset management. Most recently, he served as President of Silvergate Bank, overseeing the company's revenue growth and, as a member of the executive team, expanded Silvergate into a publicly traded company in 2019.