Bitgo plans to launch its new stablecoin, USDS, in January 2025, offering a unique model that rewards liquidity providers. The announcement was made by Bitgo CEO Mike Belshe during an interview with Coindesk at the Token2049 event in Singapore. The stablecoin will be backed by U.S. Treasury bills, overnight repos, and cash, aiming to create a more open and fair financial system. Belshe emphasized that USDS differentiates itself by incentivizing institutions that support its liquidity, driving innovation in the stablecoin market. The news follows Paypal, Ripple, Paxos, and several other competitors launching new stablecoins this year

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