BitGo Unveils USDS: A Revolutionary Rewarding Stablecoin Backed by Goldman Sachs
Wednesday, 18 September 2024, 03:56
BitGo's Groundbreaking USDS Stablecoin
BitGo, the prominent crypto custody firm, is on the verge of launching the USDS stablecoin in early 2025. This innovative approach will distribute 98% of earnings to qualified network participants, setting a benchmark in the industry.
What Makes USDS Unique?
- Rewarding Mechanism: Holders can earn significantly from network profits.
- Backed by Goldman Sachs: An endorsement that adds credibility to the project.
- Market Disruption: USDS is expected to challenge existing stablecoins.
This move reflects a growing trend where businesses are pivoting towards stablecoins for both investment and transactional purposes. With innovations like USDS, investors are sure to gain more from their assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.