The stablecoin business has a new competitor, USDS
Key facts: USDS will be backed by US Treasury bills, overnight repos and cash. BitGo’s stablecoin will be the “first open-source stablecoin,” according to the platform. One of the leading custodians of bitcoin (BTC) and cryptocurrencies, BitGo, announced the launch of USDS (USD Standard), a stablecoin that promises rewards to institutions that provide liquidity. This…
