Crypto custodian BitGo is set to enter the stablecoin market with plans to launch a dollar-backed USDS stablecoin by 2025, according to a Sept. 18 statement. USDS BitGo stated that USDS will be fully backed by short-term Treasury bills, overnight repos, and cash, ensuring both high liquidity and minimal risk. The firm also plans to […]
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wBTC co-creator BitGo challenges Tether, Circle with reward-focused USDS stablecoin