BitGo to Launch Stablecoin in January 2025

- BitGo has announced the launch of a new stablecoin, USDS, backed by the US dollar.

- USDS will be backed by short-term treasury bonds, overnight repos, and cash.

- The main difference with USDS is the reward for institutional participants who provide liquidity to the network.

- BitGo plans to list USDS on all major exchanges and aims for $10 billion in assets next year.