PANews, November 2, reported that crypto custodian BitGo has announced the hiring of former Silvergate Bank President Ben Reynolds as Managing Director and Head of Dollar Standards, who will be responsible for overseeing the development of BitGo's upcoming USDS stablecoin set to launch 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.