BitGo, the Palo Alto-based crypto custody firm, has announced its new stablecoin USDS! 🎉 USDS, which will be launched in January 2025, will be fully backed by the US dollar. 💵

- USDS aims to provide liquidity and minimize risk with a mix of short-term Treasury bonds, overnight repo, and cash.

- Participants will be able to receive up to 98% of the profits from their USDS reserves! 💰

- Transparency is at the forefront with real-time proof of reserves and monthly audits.

What do you think of BitGo’s new approach? Let’s meet in the comments! 👇