BitGo 计划明年推出基于奖励的 USDS 稳定币

新加坡——BitGo 计划明年推出美元支持的稳定币，通过向机构提供奖励，在拥挤的市场中脱颖而出

Crypto custody firm BitGo announced plans to introduce a dollar-backed stablecoin next year at Token2049 in Singapore.

加密货币托管公司 BitGo 宣布计划明年在新加坡 Token2049 上推出美元支持的稳定币。

The stablecoin, called USDS, will be backed by short-duration Treasury bills, overnight repos, and cash, like others on the market. However, BitGo is differentiating its stablecoin by offering rewards to institutions that provide liquidity to the network.

与市场上的其他稳定币一样，这种名为 USDS 的稳定币将由短期国库券、隔夜回购和现金支持。然而，BitGo 正在通过向为网络提供流动性的机构提供奖励来使其稳定币脱颖而出。

The stablecoin's value is pegged to the fiat currency to stabilize its price, making it a popular choice for crypto trading and providing most of the liquidity in decentralized finance (DeFi).

稳定币的价值与法定货币挂钩以稳定其价格，使其成为加密货币交易的热门选择，并提供去中心化金融（DeFi）的大部分流动性。

The biggest stablecoins are tied to the U.S. dollar, a market that's dominated by Tether's USDT, which has a market cap of about $119 billion. The No. 2, Circle's USDC, is about a third of the size.

最大的稳定币与美元挂钩，该市场由 Tether 的 USDT 主导，其市值约为 1190 亿美元。位居第二的是 Circle 的 USDC，其大小约为其三分之一。

BitGo's stablecoin will differ from its rivals with its rewards-based approach, which will incentivize institutions that are providing liquidity to the USDS network by distributing a portion of the returns generated from its reserves.

BitGo 的稳定币将因其基于奖励的方法而不同于其竞争对手，这将激励通过分配其储备产生的部分回报来向 USDS 网络提供流动性的机构。

“A stablecoin’s true value comes from the people using it, the liquidity they provide, and the access points for interchange,” said BitGo CEO Mike Belshe in an interview with CoinDesk before his keynote at Token2049.

“稳定币的真正价值来自于使用它的人、它们提供的流动性以及交换的接入点，”BitGo 首席执行官 Mike Belshe 在 Token2049 发表主题演讲之前接受 CoinDesk 采访时表示。

According to Belshe, the company will generate some return from the cash being held in the underlying fund at the end of each month and pass it back to the participants on a pro-rata basis, based on their custody of the asset.

Belshe 表示，该公司将在每个月底从基础基金中持有的现金中产生一些回报，并根据参与者对资产的托管情况，按比例将其返还给参与者。

This approach might sound like it is treading dangerously close to being a dividend and thus classifying the whole operation as an investment contract, but Belshe says the difference lies in that it's not distributing the proceeds to the end user, but rather to the institutions providing the liquidity.

这种方法听起来可能危险地接近股息，从而将整个操作归类为投资合同，但贝尔谢表示，区别在于，它不是将收益分配给最终用户，而是分配给提供收益的机构。流动性。

Other stablecoins have tried creating yield-bearing stablecoins and rewarding end users. But as a compromise, they've needed to exclude the U.S. from the available markets.

其他稳定币也尝试过创建有收益的稳定币并奖励最终用户。但作为妥协，他们需要将美国排除在可用市场之外。

“You end up with either the folks that opt into only the U.S. market, and then the folks that opt into only the non-U.S. market, like Mountain Protocol or Lift Dollar out of Dubai. They can't sell in the United States because they are a security,” said Belshe.

“最终要么是那些只选择进入美国市场的人，要么是那些只选择进入非美国市场的人，比如 Mountain Protocol 或 Lift Dollar from Dubai。它们不能在美国出售，因为它们是一种证券，”贝尔谢说。

BitGo plans to list USDS on all major exchanges and is targeting $10 billion in assets held within the stablecoin by this time next year.

BitGo 计划在所有主要交易所上市 USDS，并计划到明年此时稳定币中持有的资产达到 100 亿美元。