The world’s largest regulated Bitcoin custodian ran its first post-quantum test

The test used ML-DSA-44, an algorithm standardized by NIST to resist quantum computers. The transaction also used MPC, which distributes key control between custodians. A transaction with a post-quantum signature on institutional custody infrastructure was successfully executed by the company BitGo on the Sepolia network, an Ethereum test chain. It would be the first demonstration … Read more

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 … Read more