According to Foresight News, the crypto custody firm BitGo announced that it has hired former Silvergate Bank President Ben Reynolds as Managing Director and Head of US Dollar Standards. Ben will be responsible for overseeing the development of BitGo's US Dollar Standard stablecoin USDS, which is set to launch next year.
Ben has over 25 years of experience in fintech, software, banking, and asset management, most recently serving as President of Silvergate Bank, where he was responsible for overseeing the company's overall revenue growth and was a member of the executive team that took Silvergate public in 2019.