BitGo to Launch USDS Stablecoin in January 2025, Challenging Market Leaders

The new stablecoin aims to disrupt the market with transparency, fairness, and liquidity rewards.

BitGo's USDS stablecoin will be backed by short-duration Treasury bills, overnight repos, and cash.
The stablecoin will offer rewards to institutions providing liquidity to the network.
USDS promises monthly audits and real-time proof-of-reserves to ensure transparency.
BitGo plans to redistribute up to 98% of earnings back to ecosystem participants.
The launch targets major stablecoins like Tether's USDT and Circle's USDC, aiming for $10 billion in assets within a year.