USDS is designed to challenge the existing stablecoin market dynamics, specifically targeting the dominance of single-issuers like Circle and Tether. Unlike traditional stablecoins that funnel significant rewards back to issuers or a select group of partners, USDS introduces a novel reward system that deploys up to 98% of earnings to participants who support the ecosystem. This approach ensures that all eligible institutions, exchanges, liquidity providers, and users are incentivized to support and grow the USDS network, fostering a more inclusive and balanced ecosystem.
Key Features of USDS:
- 1:1 USD Backing: USDS is fully backed by a combination of short-duration T-bills, overnight repos, and cash, ensuring high liquidity and low risk.
- Real-Time Proof-of-Reserves: Transparency is at the core of USDS, with real-time proof-of-reserves published on usdstandard.com and monthly audits conducted by top-tier accounting firms.
- Global Accessibility: Available to institutions, individuals, and DeFi participants worldwide, USDS provides easy onramps from USD, USDC, and USDT with no conversion fees.
BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients.
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