Odaily Planet Daily News BitGo plans to launch the US dollar stablecoin USDS next year, which will provide rewards to institutions that provide liquidity to the network. USDS will be backed by short-term treasury bills, overnight repurchases and cash, just like other stablecoins on the market. This will be BitGo's first publicly participated stablecoin. In an interview, BitGo CEO Mike Belshe said: "The main reason for launching USDS is that although existing stablecoins have good functions, we see an opportunity to create a more open and fair system, promote innovation, and most importantly, reward those who contribute to the network. The real value of stablecoins comes from their users, the liquidity they provide, and the access points for exchanges." (CoinDesk)