THE dollar but from the ecosystem supporting it. By incentivizing liquidity providers, we aim to create a more dynamic and robust marketplace

BitGo's USDS will distinguish itself by implementing a rewards mechanism that will benefit institutions that contribute liquidity to the stablecoin's structure. This could potentially attract a diverse range of financial players, including hedge funds and asset managers, creating a more resilient liquidity environment.

The firm plans to position USDS as an alternative to more traditional stablecoins, which have faced scrutiny over transparency and regulatory compliance issues. By leveraging Treasury bills and cash as backing, BitGo aims to reassure users about the stability and security of USDS.

Furthermore, Belshe highlighted that the move represents an evolution in the stablecoin sector, emphasizing community engagement and participationBy making the stablecoin open to more participants, we are fostering innovation and creating a feedback loop that will enhance the value of USDS

With this announcement