BitGo

BitGo Introduces USDS Stablecoin, Aiming to Shift Market Dynamics

BitGo Introduces USDS Stablecoin, Aiming to Shift Market Dynamics

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Palo Alto-based crypto custody firm BitGo has launched a new stablecoin, USDS, that is set to go live in January 2025. The company says the stablecoin will be fully backed by U.S. dollars through a mix of short-term Treasury bills, overnight repos, and cash in a bid to ensure liquidity and minimize risk. New Approach […]

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BitGo Moves $2 Billion Of Mt. Gox Bitcoin

BitGo Moves $2 Billion Of Mt. Gox Bitcoin

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On-chain analysis platform Arkham Intelligence sounded the alarm on Tuesday as $2 billion worth of Bitcoin connected to Mt. Gox moved from a blockchain address connected to crypto exchange BitGo. According to Arkham, a wallet that had received $2.19 billion from the long-defunct Bitcoin exchange began initiating test transactions early Tuesday. The firm said the

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