PANews November 2 news, according to Businesswire, crypto custody firm BitGo announced it has hired former Silvergate Bank president Ben Reynolds as managing director and head of the US dollar stablecoin, responsible for overseeing the development of BitGo's US dollar stablecoin USDS, which will be launched next year.
It is reported that Ben Reynolds has over 25 years of experience in fintech, software, banking, and asset management, previously serving as president of Silvergate Bank, where he oversaw the company's revenue growth and was a member of the executive team that took Silvergate public in 2019.